 How much holiday I am entitled too from the place that I work? |
| The Holiday Year Starts January 1st, and end's on December the 31st. I have so far been working since last may (2006), and as the holiday year is from jan-dec, i take it, any holiday built up ... |
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 How are you folks gonna spend you tax returns on yourself this year? |
i have to get more music equpiment , it's never enough.
Additional Details
you = your, and I know, I spelled equipment wrong.... |
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 Given the chance should I ask to be paid in Pounds or Euro? |
| I am a British taxpayer, currently living in Ireland, I have not worked while I've been here and will be working for an Irish company in the UK. Should I register in Ireland for tax or continue ... |
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 How do i obtain my sons social security #? |
| his mom stole the card and won't return it and i can't file taxes without ... |
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 UPDATE! UPDATE! IRS Refund delay, Reference 1121? |
| After countless hours online alot of research I hope this information will help some of the 1/26 filers who are still waiting for their refunds. Those of us with the 1121 code "Delay in P... |
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 Has anyone in the 21-75 gotten a paper check yet? |
| If so when mine says to be sent out on the 30th. Just wondering Thank You!!... |
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| Can This happen? |
| I had just gotten employed at this business and I'm a college student. However, I am concerned if they will take taxes out of my check, being that its the end of the year, I was told that they ... |
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 Why pay taxes ? |
Why is it we pay income taxes to a government that refuses to uphold the constitution?
With clear abuse of the 1st, 2nt, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 13th, 15th, 16th amendments in ... |
|
 Can i get unemployment check while working? |
| I started my new job this week, but i will not get payed 2 weeks from now. I want to take one last check from unemployment because if i stop it then i wont have any money till i get a check from my ... |
|
 Tax Rebate Check - May 9th???? HELP!? |
| I may be being a little hasty but after speaking with several people I've noticed all that were supposed to be receiving their rebates tomorrow have gotten them already at the beginning of the ... |
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 I sold my house for less that what I paid. I owned it less than 2 years. Can I claim a loss on my taxes? |
| I know that if you sell your home within 2 years and make a profit, the government requires that you report it as income. But since I lost money, and sold it within 2 years, can I claim it as a loss?... |
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 Shorted on IRS stimulus refund, what can I do? |
My wife and I filed our income tax electronically and were supposed to recieve our stimulus refund by the 18th of May.
We filed jointly and have a 22 year old daughter in college
listed as ... |
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 Can somebody show me a law that requires me to pay an income tax? |
1) The 16th was not ratified
2) 26 U.S.C. § 1 does not ever mention tax on a person's labor.
3) The definition of Income from a 1040 booklet is Foreign source income.
http://www.... |
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 Should we file married or married but separate or single? |
| I have only been married since the end of August, and my husband thinks it would be better if we filed as married. But he has two disability lawsuit checks to claim( both total under 6 G total) ... |
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gembolatino | What is P.A.Y.E..................... |
I've paid more tax and more national insurance, but ended up with £60 more paid to me because the P.A.Y.E. has gone down....but what is it?
Additional Details
Er..I earn 12000 |
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steffi
 |
PAYE is the Schedule E tax your employer deducts from you each month. You are £60 better off this month because of the backlash the Government had when it was realised that the lower paid would be paying more tax with the abolition of the 10% tax band. as it was too late to include in budget, computer software had to be amended, forms printed, and employers instructed, it couldn't be implemented until now, although it is retrospective back to last April.
You should be £10 a month for the erst of this tax year, which ends on 5th April. |
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Smoky
|
Pay As You Earn |
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elmina
|
PAYE is the tax that gets taken out of your salary or wages every time you are paid. You are paying tax as you earn. There are different levels of tax for different levels of pay - in a year, you might pay too little, so you get a bill. Or you might pay too much, so you get a refund.
Well done. Don't spend it all at once. |
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K.B.3320
 |
pay as you earn |
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dels replies
|
Income tax... Pay As You Earn. Tax has been adjusted |
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Becky M
|
Nearly everyone has the extra £60 this month.
The government didnt advertise it very well did they! Maybe they should have. |
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tabathalouiserichardson
|
Everyone whos on a certain tax code (i cant remember what the code exactly is now) is getting a rebate of £60 this month and £10 a month until christmas. |
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welcome news
|
In the UK everyone used to be able to earn £5435 in a tax year before being taxed on amounts above. The taxation rate is 20%. Your tax code was probably 543L.
People in employment have tax and national insurance contributions deducted at source by their employers, who pay the government the amount by the 20th of the next month. This ongoing payments system is called.
Pay
As
You
Earn
The benefit is that for many people they don't have to complete a tax return each year, nor do they have to suddenly find extra money if they had forgotten to save to pay their tax bills.
Due to the 10% tax fiasco in April the Government decided to increase everyone's personal allowance BY £600.00 (to 603L). This means that in a year you would pay £120.00 less tax (20% of £600).
However the tax year is not finished we are in month 6 of the year:-
April = 1: May = 2: June = 3: July = 4: August = 5: September = 6 etc
So you have actually paid half of £120.00 too much i.e £60.00 - and this money has been paid back to you.
For the remainder of the year (6 months) you will receive £10 a month extra so that the total in the tax year is £120.00.
The reason why the allowance was increased is that the Government originally taxed the first £1200 of income over the personal allowance at 10% (10% of £1,200 is £120) thus the poorer workers lost out by £120 per year - as income increased the loss decreased as the tax rate has been reduced to 20% from 22% so people over £17000 a year actually gained.
Finally the Government reduced the level at which tax increased to 40% by the same £1,200 from £36,000 taxable to £34,800 taxable so people on high incomes did not benefit (They did increase the maximum amount at which NI is paid at 12% from £600 per week to £700 per week though). |
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jade
 |
pay as you earn for more info follow link
http://en.wikipedia.org/wiki/PAYE |
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referee
|
It's a rebate, 'cause you have overpaid, PAYE is pay as you earn. |
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old_but_still_a_child
|
It stands for Pay As You Earn. I think the reason you get rebates is because you seem unlikely to reach the limit (which was about £4700 last year but may now be higher) and so do not qualify to have to pay tax. |
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BIG D
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Death and taxes gembolatino is all you will ever experience. |
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