A1*40%-MIN (A1, 34600)*(40%-22%)-MIN (A1, 2230)*(22%-10%)
if anyone knows please explian me this formula
paye
Mar 12, 2008
7 Replies
Tax bands. Doesn't seem to take off the allowance/tax code.
formatting link
sak writes
It's out of date now, anyway!
"Gordon H" wrote
Not quite yet, it isn't.... You're getting ahead of yourself!
That rather depends on what's in A1...
It doesn't take account of dividend income at all.
Next year you're going to have to juggle the 10% savings rate band in as well - and do you apply the dividend income before the savings income or after? There can be winners and losers whichever way around you organize it.
Tim.
Was thinking that myself!
wrote
That may be elsewhere than in A1 as well....
Tim writes
I've already worked out next year's liability, then I read the small print about Road Fund Licence increases. Even my g/f's little Nissan Micra is set to increase from £145 to £180. :-(
Sorry, well off topic now...
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required