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Tax Rebate (Off-Topic Obviously) ...

Discussion in 'Sunderland' started by FlagFlyingHigh, Oct 10, 2011.

  1. David Moyes' Stupid Face

    David Moyes' Stupid Face Well-Known Member

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    Erm yeah that sounds about right... It should look something like this:

    Employment income ----- 7,035
    Less Personal Allowance (5,035)
    Chargeable to tax -------2,000

    Tax due 2,000 @ 20% ----- 400
    Less deducted at source -- (500)
    Refund due ---------------- 100

    So I guess the 2,136 is your taxable income, tax due on that is the 427, and I assume they then deduct whatever you paid at source, e.g. 500 to come to your actual refund amount (in this case it would be be £73), is that right?

    P.S. I've tried to make it all line up, may have failed miserably lol
     
    #21
  2. Vincemac

    Vincemac Well-Known Member

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    syd got to reply to this its what us semi retired people pay in paye to help the young none paye people who avoid tax. <bubbly>
     
    #22
  3. Commachio

    Commachio Rambo 2021

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    I have in the past, and who knows, one day i may come looking for some of my payments.
     
    #23
  4. Vincemac

    Vincemac Well-Known Member

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    comm enjoy m8 <bubbly>
     
    #24

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