Tax question about the system

  Madryan 01:05 18 May 2016
Locked

Does anyone know how the tax system works?say i earned 31000 after tax. Personel allounce of 10600 expenses of 10000 doesnt that mean that i shud only be paying tax on 10400?

  BRYNIT 08:19 18 May 2016

Why not use the income tax calculator on mymoneysavingexperts CLICK HERE

  Forum Editor 08:29 18 May 2016

"say i earned 31000 after tax."

If you did, you have already paid tax - your question would be irrelevant. I assume you meant to say £31,000 before tax.

We're not able to give tax advice here, but the calculator at BRYNIT's link is a good one. Tax liabilities depend on personal circumstances, which is why guides can only give general advice.

  Madryan 14:31 18 May 2016

Yeah after tax im self employed and am due a rebate thats y im askin

  Forum Editor 14:33 18 May 2016

HMRC will tell you what you are due. Give them a call.

  john bunyan 14:38 18 May 2016

Maybe the Tax people cannot decipher your spelling? Have you tried the calculator that BRYNIT mentioned? FE asked " you meant to say £31,000 before tax." . You replied "Yeah after tax " . Surely that is either a mistake or a misunderstanding? Suggest you get a family member or friend to help.

  daz60 16:28 18 May 2016

Taxes

Have a look at this site.

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