Topic 8

Descrição

ifs mind-map
sarah.thorpe.200
Mapa Mental por sarah.thorpe.200, atualizado more than 1 year ago
sarah.thorpe.200
Criado por sarah.thorpe.200 quase 9 anos atrás
14
0

Resumo de Recurso

Topic 8
  1. national insurance is payable by all those between 16 and state pension age who are working
    1. people who should pay higher or additional rate income tax must usually complete a self-assessment tax return each year
      1. Employees pay national insurance class 1
        1. A self-employed person's self-assessment tax return must be completed by January 31 after the end of the tax year
          1. Additional-rate taxpayers pay tax on savings income at 45%
            1. A from P60 is given to each employee by their employer at then end of the tax year. it is an official document that shows the final tax code
              1. if a employee receives benefits in kind, such as a company car, the values of the benefits is usually taken off their personal allowance. this means that they would have a lower tax code than normal
                1. People with taxable income up to £31,785 are basic-rate taxpayers and pay tax at 20% (with £10,600 personal allowance, this is gives a threshold of £42, 385) those with taxable income over the limit pay tax at 40% on income above the threshold. Taxable income over £150,000 is taxed at 45%
                  1. P 45 is a form that employees receive when they change jobs. it states how much they earned and how much tax was deducted.

                    Semelhante

                    P2 Radioactivity and Stars
                    dfreeman
                    Function and Structure of DNA
                    Elena Cade
                    Psychology subject map
                    Jake Pickup
                    AQA AS Biology Unit 2 DNA and Meiosis
                    elliedee
                    Plant and animal cells
                    Tyra Peters
                    Roles of Education
                    Isobel Wagner
                    GCSE AQA Biology - Unit 2
                    James Jolliffe
                    Chemistry 2
                    Peter Hoskins
                    Physics 2
                    Peter Hoskins
                    Break-even Analysis - FLASH CARDS
                    Harshad Karia
                    OCR Gateway Biology Flash Cards
                    Sam Newey