Shake n Bake Posted February 11, 2013 Share Posted February 11, 2013 You get about £10k tax free though - so you've got to earn £42k ish before 40% kicks in. It's anything over the 32k mark is taxed 40%... So you earn 33k you'll pay 40% on the 1k over. Link to comment Share on other sites More sharing options...
Gritstone Ram Posted February 11, 2013 Share Posted February 11, 2013 You get about £10k tax free though - so you've got to earn £42k ish before 40% kicks in. Unless you have a company car then they tax you on that Link to comment Share on other sites More sharing options...
needles Posted February 11, 2013 Share Posted February 11, 2013 It's anything over the 32k mark is taxed 40%... So you earn 33k you'll pay 40% on the 1k over. Sorry bud, that's not right. You pay no income tax on your first £10k, 20% (I think it still is) of next the £32k (£10001 to £42000), then 40% of everything over that up to £150k when the 45% band kicks in. Don't think that'll bother top players though really. 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/angry' class='bbc_emoticon' alt=':angry:' /> Link to comment Share on other sites More sharing options...
Alph Posted February 11, 2013 Share Posted February 11, 2013 I'm saying needles has got some cash on him. I always guessed MrTibbs was the minted one. I reckon Ramblur drives a car that's more expensive than a semi in Oakwood. But needles here seems to be speaking from experience. needles, have you heard of Aldi or Primark? Link to comment Share on other sites More sharing options...
Mr. DCFC Posted February 11, 2013 Share Posted February 11, 2013 Lidl or Farm Foods? Link to comment Share on other sites More sharing options...
ramexpat Posted February 11, 2013 Share Posted February 11, 2013 The tax in Spain is horrendous though - 50% for that band. That still leaves him with THP of €300k. so its not like he'll miss it. he will be getting paid tax free through Dubai i think, thats where Barcas sponsors are ,, gotta love the loopholes Link to comment Share on other sites More sharing options...
needles Posted February 11, 2013 Share Posted February 11, 2013 I'm saying needles has got some cash on him. I always guessed MrTibbs was the minted one. I reckon Ramblur drives a car that's more expensive than a semi in Oakwood. But needles here seems to be speaking from experience. needles, have you heard of Aldi or Primark? Of course I've heard of Aldi and Primark. Very useful outlets. The poor have to shop somewhere, and we don't want them cluttering up M&S. 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/wink' class='bbc_emoticon' alt=';)' /> Link to comment Share on other sites More sharing options...
maydrakin Posted February 16, 2013 Share Posted February 16, 2013 You are liable for 20% tax between £0 and £34,370 of earnings. This will reduce to £32,010 from April. You do however have a tax code which entitles you to an amount of tax free pay. The standard tax code is currently 810L which allows £8,105 of free pay, generally on a cumulative basis. Your circumstances dictate how you tax code is affected. For example, if you have a company car allowance worth £4,000 per annum, your tax code would be reduced to 410L to allow for taxation of the benefit. Link to comment Share on other sites More sharing options...
Gritstone Ram Posted February 16, 2013 Share Posted February 16, 2013 You are liable for 20% tax between £0 and £34,370 of earnings. This will reduce to £32,010 from April. You do however have a tax code which entitles you to an amount of tax free pay. The standard tax code is currently 810L which allows £8,105 of free pay, generally on a cumulative basis. Your circumstances dictate how you tax code is affected. For example, if you have a company car allowance worth £4,000 per annum, your tax code would be reduced to 410L to allow for taxation of the benefit. So does messi get a company car as well. Bloody hell he's on a right good crack. Link to comment Share on other sites More sharing options...
cannable Posted February 17, 2013 Share Posted February 17, 2013 All this talk of tax is making me consider a career as a dustbin man... Link to comment Share on other sites More sharing options...
Martyn Posted February 18, 2013 Share Posted February 18, 2013 You do however have a tax code which entitles you to an amount of tax free pay. The standard tax code is currently 810L which allows £8,105 of free pay, generally on a cumulative basis. Your circumstances dictate how you tax code is affected. The standard allowance is more than that now, £9k-something. Link to comment Share on other sites More sharing options...
maydrakin Posted February 24, 2013 Share Posted February 24, 2013 Not until 6th April. All codes with a suffix of L go up by 134 points, so it will be 944L as the standard tax code from that point. Link to comment Share on other sites More sharing options...
Rambam Posted February 26, 2013 Share Posted February 26, 2013 Michael Scumacher used to command £1 million per race, and he, like Messi, was the best in his field , without question. Mind you, tonight Messi did not manage to get a single shot on goal tonight . Shock, horror! Link to comment Share on other sites More sharing options...
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