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Original poster

Cheeky request! Is there an accountant out there who can check something for me?

16 replies

lucy5 · 19/09/2006 10:12

I'm trying to work out what tax my husband would be paying if he accepts a new job in Gibraltar. I've got guidelines but it is rather complicated and just need someone to check that I am doing it correctly. I don't want you to do it for me as that would be really cheeky

OP posts:
Original poster
lucy5 · 19/09/2006 10:21

Please help me

OP posts:
airy · 19/09/2006 10:23

Not an accountant Lucy but exp is and am talking to him on msn atm. If you want to send me what you have and what you need, I'm sure I can twist his arm to take a look at it for you

Original poster
lucy5 · 19/09/2006 10:25

Oh thank you.

OP posts:
Original poster
lucy5 · 19/09/2006 10:30

Individuals are charged to tax on their taxable income which is arrived at by deducting personal and other allowances from the assessable income at the following rates:

For every pound of

the first £4,000 of taxable income - 17%

the next £6,000 of taxable income - 30%

the next £5,000 of taxable income - 35%

the remainder of the taxable income - 45%

Allowance for wife and child 5905

this

I dont undrestand how I have to work out the percentages.

For example 45000 or 35000

Thank you so much, it's doing my head in.

OP posts:
airy · 19/09/2006 10:30

you can email me on airym at hotmail dot co dot uk Will see what I can do

airy · 19/09/2006 10:30

Ooohh crossed posts lol
I'll see what I can get from him.

airy · 19/09/2006 10:31

That link doesn't work for me Lucy??

Original poster
lucy5 · 19/09/2006 10:33

this

OP posts:
foxinsocks · 19/09/2006 10:36

generally you'd take the allowance off and then work out the tax so say it was £45,000 you'd take off £5905 then work out tax on the rest of it. That would leave £39,095 so
£4000 at 17% = £680
£6000 at 30% = £1800
£5000 at 35% = £1750
Rest at 45% = £39095-£4000-£6000-£5000=£24095 at 45% = £10,843

Total tax = £15073

Original poster
lucy5 · 19/09/2006 10:37

i cant seem to link it to the actual page, it's government and services and then taxation. Sorry to be a pain.

OP posts:
airy · 19/09/2006 10:38

Ok, he's not in the office yet, says he will be there in half an hour and will have a look at it for you then.

airy · 19/09/2006 10:39

Oh maybe you don't need him now?

Original poster
lucy5 · 19/09/2006 10:40

Thanks, Thats how I have been doing it, it just seems so much!

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Original poster
lucy5 · 19/09/2006 10:45

Thanks airy!

OP posts:
airy · 19/09/2006 10:45

It does seem a lot! Glad you got your help though, if you need any more give me a shout

Original poster
lucy5 · 19/09/2006 11:09

It's all rather depressing!

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