2006-12-09 01:55:11 · 10 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
the current personal allowance for this tax year 2006/07 is £5,035
2006-12-09 02:04:14 · answer #1 · answered by Elaine D 3 · 0⤊ 0⤋
I'm earning under the personal allowance but because I have more than one job, I pay 22% tax on everything anyway, which sucks.
2006-12-10 01:28:02 · answer #2 · answered by Little One 4 · 0⤊ 0⤋
As directors of a limited company, the wife and I take £24k each before we pay any personal any tax at all.
And yes - we both get the £5135 on top also !
2006-12-09 02:06:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
assuming that you are under 65 than you wil be paying no tax on earnings of 5035 pounds in 2006/2007.you can also clain marriage allowance and age allowance than your income doesnot have to be 5035 pounds.
2006-12-09 06:45:48 · answer #4 · answered by curious 1 · 0⤊ 0⤋
Have a look at this website it's the governments with the tax bands on it.
2006-12-09 01:59:38 · answer #5 · answered by joanna b 2 · 0⤊ 0⤋
No tax to pay upto first £5,035 of earned income.................its true.
and its not£ 5000 or £5135 as some have mentioned.
2006-12-10 07:13:04 · answer #6 · answered by **tomtom 5 · 0⤊ 0⤋
not much I think the cut off for Tax allowance is around 5K a year. lets face it thats less than penuts isn't it..
2006-12-09 01:59:50 · answer #7 · answered by singing_saagar 2 · 0⤊ 0⤋
Yeah the limit is just over £5,000
2006-12-09 02:02:03 · answer #8 · answered by Anonymous · 0⤊ 0⤋
less than and equal to £5000
2006-12-09 02:03:15 · answer #9 · answered by Dumboo 3 · 0⤊ 0⤋
£5135
2006-12-09 01:58:31 · answer #10 · answered by man with the golden gun 4 · 0⤊ 0⤋