We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Tax Free allowance, how do the IR use it?

Zammo76 · 2015-10-03 11:17:30

I have a tax free allowance of £10,600 a year but i'm not really sure how the Inland Revenue (or whoever) uses this. IMO the best way to use this would be to not charge you any tax until you have earned over this amount. However to me it looks like the Inland Revenue doesn't do this and instead apply a percentage tax free…

Comments

sheramber Posts: 23,177 Forumite

4 October 2015 at 10:48PM

An accountant can only give an answer based on the information given.

If she does not have the full figures then you cannot expect to get the correct answer.

However, an accountant should have been aware to ask for the full information.

0