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Earning and tax

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gando1 | 10:21 Fri 15th Sep 2006 | Business & Finance
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Hi, At what level does my tax rate go up? Is there a level at about �1000? Or is it a proportional amount until about 35000?
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Avatar Image atolhurst
The current threshold is about �33000 where you go from normal rate tax payer to higher rate tax payer. You will only pay the higher rate of tax on the earnings over the �33,000.
10:38 Fri 15th Sep 2006
Avatar Image janeo
The higher rate is payable on TAXABLE earnings of over �33k, so if your personal allowance is �4500 you'd need to earn �37500 before you started paying the higher rate.
15:12 Fri 15th Sep 2006
Avatar Image janeo
http://www.hmrc.gov.uk/rates/it.htm
15:14 Fri 15th Sep 2006

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Earning and tax

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