Omega Owners Forum - Tax and NI deductions from today

STMO123 Ex Member	Tax and NI deductions from today 05. Apr 2011 at 13:57 If anyone is wondering what difference the new tax/NI rates will do to your take-home pay, have alook here: http://www.uktaxcalculators.co.uk/ It's really simple to use and I found it very useful........ ......eventhough we will be worse off..... ....by £113 a month....
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Lazydocker Omega King Offline Victim of Pinky's Power Trip! Posts: 11336 Woodbridge, Suffolk Gender: Drives: 2003 3.2 Elite Estate LPG Converted, inspected and Certified	Re: Tax and NI deductions from today Reply #1 - 05. Apr 2011 at 14:55 Wehey... Just an estimation of my earnings but I'll be £1.33/week better off And SWMBO will be nearly £20/month better off on a flat month
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aaronjb Omega Baron Offline Posts: 3635 Bracknell, Berkshire Gender: Drives: '01 3.2 Elite (was '96 2.5TD CD), '02 MR2 Roadster (plus snail), '92 300ZX 3.0V6 TT	Re: Tax and NI deductions from today Reply #2 - 05. Apr 2011 at 15:37 £62/month worse off, apparently. Yay.
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Richie London Omega King Offline A HANDSOME DEVIL OF A MAN!! Posts: 10146 heathrow Gender: Drives: a blinking lovely 2001 2.5 elite auto.	Re: Tax and NI deductions from today Reply #3 - 05. Apr 2011 at 15:48 i'm better off self employed. all the tax i paid this tax yr will be in my account by next friday. tax return will be in by this friday. nice sum to come back this yr. get the mig back on the rd now.
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Bixy1 Intermediate Member Offline Dragged through MOT kicking and screaming. Posts: 308 Leeds. West Yorks. Gender: Drives: Astra in storage, using Miggy! http://sbpra.com/derektmorgan	Re: Tax and NI deductions from today Reply #4 - 05. Apr 2011 at 15:58 Wish I had'nt done that.....£34.36 worse off......Oh Poo!
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Mantahatch Omega Knight Offline Posts: 1637 Gender:	Re: Tax and NI deductions from today Reply #5 - 05. Apr 2011 at 18:13 For all you who are worse off, you must be earning a fair bit. I thought my salary was rather good, but I end up better off, and so does the wife.
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Taxi Driver Omega Lord Offline OOF Holly Dog Posts: 8413 Swindon Gender: Drives: Fiat Scudo 90 Multijet (whatever that means!)	Re: Tax and NI deductions from today Reply #6 - 05. Apr 2011 at 18:31 I'm not convinced its 100% correct in all cases......as i know what my accountant declared as my income last year and i know how much tax i paid. I put in last year's income......and the figures it produced doesnt add up.....its over £200 for the year out...
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STMO123

Ex Member

Re: Tax and NI deductions from today
Reply #7 - 05. Apr 2011 at 18:33

Taxi Driver wrote on 05. Apr 2011 at 18:31:

I'm not convinced its 100% correct in all cases......as i know what my accountant declared as my income last year and i know how much tax i paid.

I put in last year's income......and the figures it produced doesnt add up.....its over £200 for the year out... Undecided

It deffo works for PAYE. Self employed is more complicated, I reckon.

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Taxi Driver

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OOF Holly Dog

Posts: 8413
Swindon
Gender: male

Drives: Fiat Scudo 90 Multijet (whatever that means!)

Re: Tax and NI deductions from today
Reply #8 - 05. Apr 2011 at 18:40

Quote:

Taxi Driver wrote on 05. Apr 2011 at 18:31:

I'm not convinced its 100% correct in all cases......as i know what my accountant declared as my income last year and i know how much tax i paid.

I put in last year's income......and the figures it produced doesnt add up.....its over £200 for the year out... Undecided

It deffo works for PAYE. Self employed is more complicated, I reckon.

I did tick the self employed box ..... i wont worry bout it....reminds me...i need to get a new mattress for my bed, the current one is getting a bit lumpy in places Roll Eyes

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STMO123 Ex Member	Re: Tax and NI deductions from today Reply #9 - 07. Apr 2011 at 18:47 Erm....there might be a slight cock-up on the tax code front here. I thought our losses were a bit harsh but I entered the tax code for 2010/11 and, of course, it will change for this year. So, it's wait and see.
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The Red Baron Omega Baron Offline On me tod. Posts: 4072 burton on trent.staffs Gender: Drives: chipped 3.0mv6/corsa 1.2	Re: Tax and NI deductions from today Reply #10 - 07. Apr 2011 at 19:13 Quote: Erm....there might be a slight cock-up on the tax code front here. I thought our losses were a bit harsh but I entered the tax code for 2010/11 and, of course, it will change for this year. So, it's wait and see. plonker rodney.
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STMO123

Ex Member

Re: Tax and NI deductions from today
Reply #11 - 07. Apr 2011 at 19:14

The Red Baron wrote on 07. Apr 2011 at 19:13:

Quote:

Erm....there might be a slight cock-up on the tax code front here. I thought our losses were a bit harsh but I entered the tax code for 2010/11 and, of course, it will change for this year. So, it's wait and see.

plonker rodney.

Welll.....yes.....but it could never work because no-one actually knows their code for this year yet.

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Richie London

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A HANDSOME DEVIL OF A
MAN!!

Posts: 10146
heathrow
Gender: male

Drives: a blinking lovely 2001 2.5 elite auto.

Re: Tax and NI deductions from today
Reply #12 - 07. Apr 2011 at 19:27

Quote:

The Red Baron wrote on 07. Apr 2011 at 19:13:

Quote:

Erm....there might be a slight cock-up on the tax code front here. I thought our losses were a bit harsh but I entered the tax code for 2010/11 and, of course, it will change for this year. So, it's wait and see.

plonker rodney.

Welll.....yes.....but it could never work because no-one actually knows their code for this year yet.

minw was on my tax return yesterday but i dint take notice of it. i think it was 7k something.

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STMO123

Ex Member

Re: Tax and NI deductions from today
Reply #13 - 07. Apr 2011 at 19:28

Richie London wrote on 07. Apr 2011 at 19:27:

Quote:

The Red Baron wrote on 07. Apr 2011 at 19:13:

Quote:

Erm....there might be a slight cock-up on the tax code front here. I thought our losses were a bit harsh but I entered the tax code for 2010/11 and, of course, it will change for this year. So, it's wait and see.

plonker rodney.

Welll.....yes.....but it could never work because no-one actually knows their code for this year yet.

minw was on my tax return yesterday but i dint take notice of it. i think it was 7k something.

Gone up from 647L then Richie.

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aaronjb Omega Baron Offline Posts: 3635 Bracknell, Berkshire Gender: Drives: '01 3.2 Elite (was '96 2.5TD CD), '02 MR2 Roadster (plus snail), '92 300ZX 3.0V6 TT	Re: Tax and NI deductions from today Reply #14 - 07. Apr 2011 at 20:01 Mantahatch wrote on 05. Apr 2011 at 18:13: For all you who are worse off, you must be earning a fair bit. I'm paid like one of those bankers... In my dreams!
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