2006-07-25 23:11:06 · 6 answers · asked by numpty_5 1 in Business & Finance ➔ Taxes ➔ United Kingdom
All UK residents aged 16 or over are required to pay Tax.
Self employed people pay Class 2 contributions, but that is a whole different ball game.
Employees are entitled to £96.96 of free pay per week, ie no tax payable. Anything above that is taxed about 20%, but varies dependant on your tax code.
2006-07-27 08:14:13 · answer #1 · answered by Anonymous · 1⤊ 0⤋
It depends how much you earn, if you are in a pension scheme and how often you are paid. If you are paid over the limit in a pay period you pay national insurance. It is not an annual payment as income tax is. You pay national insurance if you earn enough once you are 16 I think.
Current rates for national insurance can be found at:
http://www.hmrc.gov.uk/nic/tables06_07.htm
CA38 and CA31 will be of most use.
2006-07-26 06:20:14 · answer #2 · answered by Storm Rider 4 · 0⤊ 0⤋
Anyone who earns more than £97 per week has to pay NI at a rate of 11% (that 11% over the £97 freshhold).
2006-07-26 06:19:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Everyone who is over the age of 16 doing some sort of paid employment pays NI or tax. The tax office will work how much you have to pay.
2006-07-28 06:50:35 · answer #4 · answered by k 7 · 0⤊ 0⤋
Anyone in paid employment they should pay regardless of being students or under 18's
2006-07-26 06:15:21 · answer #5 · answered by A G 4 · 0⤊ 0⤋
no one
2006-07-28 06:41:07 · answer #6 · answered by terry m 5 · 0⤊ 0⤋