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