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Hostingforyou
04-09-2006, 06:37 PM
Hi,

I was just wondering if there is a minimum you need to be earning before you have to pay taxes. Im all set up for tax but each time i get letters from the Inland Revenue they say i have nothing to pay.

Thanks

macdonaldp
04-09-2006, 06:40 PM
Hi,

I was just wondering if there is a minimum you need to be earning before you have to pay taxes. Im all set up for tax but each time i get letters from the Inland Revenue they say i have nothing to pay.

Thanks
There usually is a personal exception limit. Maybe try asking them. That way you'll get the official answer.

Hostingforyou
04-09-2006, 06:47 PM
Thanks for the reply ill get on the phone tomorrow :)

Flammable
04-09-2006, 08:18 PM
Pay As You Earn (PAYE)
Thresholds

The PAYE thresholds (the level of earnings at which tax becomes payable) are

£97.00 weekly

£420.00 monthly

These are the same as the earnings thresholds for NICs.
Rates

The tax rates are

Starting rate 10% up to £2,090 [per year]
http://www.hmrc.gov.uk/employers/rates_and_limits.htm