As stated
2007-10-24 12:10:46 · 14 answers · asked by jlock 1 in Business & Finance ➔ Taxes ➔ United Kingdom
Yes
2007-10-24 20:47:55 · answer #1 · answered by Prince By Tor 5 · 0⤊ 0⤋
Of course ... you are Taxed from the day you are born and (in the UK at least) until the day AFTER you DIE ...
Everyone has a 'Personal Allowance' (amount of income you can receive before it's taxed) and most people still in full time education do not receive enough to take them into the first Tax band .. however if you have any sort of Savings Account, chances are, you are already paying Tax..
2007-10-24 19:45:51 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋
In the UK, yes. Everyone who earns from a job is "subject to income tax". If you earn less than your personal allowance which is about £5000 you won't owe tax on it. But if your company runs a PAYE scheme they may take the tax off you anyway, and you'll have to ask for a rebate at the end of the year.
2007-10-24 20:26:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
According to UK Tax Act 2006/07 , Everyone above 16 years is liable to tax and various allowances.
The type of tax and there quantities will obviouly vary. But yes , 16 yrs and above is the legal age
2007-10-25 01:10:55 · answer #4 · answered by Acid 3 · 0⤊ 1⤋
Generally, yes, but it may depend on the specific tax and the state or country. Any general tax, such as income, sales, inheritance, capital gains, property (real or personal), etc., do not exempt anyone due to age.
2007-10-24 12:18:08 · answer #5 · answered by thylawyer 7 · 0⤊ 0⤋
yes, although you have a tax free personal allowance each year.
currently this allowance is £5225 until 5th April 2008 and it may go up from 6th April 2008 to 5th April 2009.
6th april to following 5th april is called a tax year.
so if you earn less than approx £100 (£5225 ;/ 52) a week you wont pay any tax or NI.
2007-10-26 08:53:15 · answer #6 · answered by Paul S 5 · 0⤊ 0⤋
Yes,has long as they earn over the single persons tax allowance,which includes unearned income.
2007-10-24 12:16:33 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Yes. EVERYONE is subject to tax in some way or another.
2007-10-24 12:13:29 · answer #8 · answered by ►solo 6 · 2⤊ 0⤋
not unless their are under the prescribed amount including unearned income which they are allowed to have over that you will be given a tax code
2007-10-24 12:22:54 · answer #9 · answered by Perfectionist 6 · 0⤊ 1⤋
Yes and No- is the answer to this question. if you are under 18 and you work part-time, you should not get taxed. if you are under 18 and you work full-time, then you will get taxed.
i know because i had a problem with my tax; once i started my part-time job!
2007-10-24 12:20:00 · answer #10 · answered by livvy 1 · 0⤊ 4⤋