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Author How do you work out tax?
Gambit
Member
Registered: 5th Jun 00
Location: Common Sense HQ
User status: Offline
26th Jun 03 at 15:05   View User's Profile U2U Member Reply With Quote
try the taxmeter out & it'll tell you the difference between here & uk

http://www.angloirishbank.co.im/taxcorporate/tax/taxometer.html
Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
26th Jun 03 at 15:07   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by RobboSRi
Donna is the closest - Ni is now 11% up to £30,940 (1% above that)

Maybe he's Higher Rate?



[Edited on 26-06-2003 by RobboSRi]


Bollox I forgot about that thats the down side to relying on a computer all the time I am a payroll manager really
Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
26th Jun 03 at 15:07   View User's Profile U2U Member Reply With Quote
it was right... odd!!
Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
26th Jun 03 at 15:08   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Donna Corsa GSi
quote:
Originally posted by RobboSRi
Donna is the closest - Ni is now 11% up to £30,940 (1% above that)

Maybe he's Higher Rate?



[Edited on 26-06-2003 by RobboSRi]


Bollox I forgot about that thats the down side to relying on a computer all the time I am a payroll manager really


U mustnt forget.. oh noo!!! We got a very stern letter from the IR reminding us of new NI rates - dunno y coz the software does it
Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
26th Jun 03 at 15:11   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Adam Kindness
er....... i paid 481 tax and 242 NI this month

but what i dont get is..... that was on £2661.67.....


The tax is right, but I can't match the NI
Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
26th Jun 03 at 15:11   View User's Profile U2U Member Reply With Quote
ahhh yes its all right
Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
26th Jun 03 at 15:16   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by RobboSRi
quote:
Originally posted by Donna Corsa GSi
quote:
Originally posted by RobboSRi
Donna is the closest - Ni is now 11% up to £30,940 (1% above that)

Maybe he's Higher Rate?



[Edited on 26-06-2003 by RobboSRi]


Bollox I forgot about that thats the down side to relying on a computer all the time I am a payroll manager really


U mustnt forget.. oh noo!!! We got a very stern letter from the IR reminding us of new NI rates - dunno y coz the software does it


I use Sage Payroll I have 150 clients for payroll and well over 1000 employees to process each month. I also do management accounts and vat so very rarely calculate manually anymore. I specialise in payroll so really shouldn't of got that wrong tho
Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
26th Jun 03 at 15:18   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Adam Kindness
i'll double check....

gross - 2661.67

PAYE Tax - 481.35
NI - 242.16


I make it

Tax - £481.85

NI - £242.16
Donna Corsa GSi
Registered: 1st Jan 70
User status: Offline
26th Jun 03 at 15:26   View User's Profile U2U Member Reply With Quote
There will always be slight variances, for a start I haven't got your YTD figures so that could be the reason. It doesn't matter anyway the Inland Revenue allow for small variances.
Dan B
Member
Registered: 25th Feb 01
User status: Offline
24th Oct 05 at 12:24   View User's Profile U2U Member Reply With Quote
FFS, this thread was over 2 years old......why bring it back now?
Rza_2002
Member
Registered: 2nd Sep 03
Location: Fife
User status: Offline
24th Oct 05 at 20:58   View User's Profile U2U Member Reply With Quote
thought sum1 else brought it up b4 me... apologies, all i ever seem to read now is old posts
City
Member
Registered: 30th Dec 03
Location: Wakefield Drives: Red GSi
User status: Offline
26th Oct 05 at 14:30   View User's Profile U2U Member Reply With Quote
grave digger

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