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Tax percentage

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Tax percentage

  • This topic has 2 replies, 2 voices, and was last updated 6 years ago by paytonmarques.
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  • July 2, 2018 at 7:07 pm #460751
    paytonmarques
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    Why does the tax rate start from 1 pound – 33,500
    why don’t they start from 11,500-33,500?

    July 6, 2018 at 3:55 am #461077
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Because we apply the tax rates to the figure of “Taxable Income” which is AFTER the deduction of the Personal Allowance

    July 9, 2018 at 10:32 am #461390
    paytonmarques
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    Understood
    Thanks

  • Author
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