Income Tax
Jul 22nd 2006, 12:35 pm
#1
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Location: Scunthorpe until next year
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Income Tax
Hi
Can anyone confirm or deny the following for me.
If a job pays 18000 euro's a year, that will equate to 1500 euro's per month (gross)
Net pay somewhere around 1200 euro's?? would that be about right, or am I really bad at maths?
Rick
Can anyone confirm or deny the following for me.
If a job pays 18000 euro's a year, that will equate to 1500 euro's per month (gross)
Net pay somewhere around 1200 euro's?? would that be about right, or am I really bad at maths?
Rick
Jul 22nd 2006, 2:54 pm
#2
Joined: Jun 2006
Location: Granada Costa
Posts: 10,904
Re: Income Tax
Originally Posted by rickstevens
Hi
Can anyone confirm or deny the following for me.
If a job pays 18000 euro's a year, that will equate to 1500 euro's per month (gross)
Net pay somewhere around 1200 euro's?? would that be about right, or am I really bad at maths?
Rick
Can anyone confirm or deny the following for me.
If a job pays 18000 euro's a year, that will equate to 1500 euro's per month (gross)
Net pay somewhere around 1200 euro's?? would that be about right, or am I really bad at maths?
Rick
Jul 23rd 2006, 5:14 am
#3
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Posts: 65
Re: Income Tax
Originally Posted by Fred James
Assuming you are single and get only the basic allowances the tax due, based on last years figures would be €2560.
Jul 23rd 2006, 6:33 am
#4
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Location: Granada Costa
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Re: Income Tax
Originally Posted by rickstevens
I'm married, what allowances would I get basd on that?
Jul 23rd 2006, 7:44 am
#5
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Re: Income Tax
Originally Posted by Fred James
If you choose to be taxed jointly, then you will each get a personal allowance of 3600. This extra allowance will reduce your tax by 864 euros.
Jul 23rd 2006, 10:00 am
#6
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Location: Granada Costa
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Re: Income Tax
Originally Posted by rickstevens
Thanks for the info Fred - very useful. Do you pay your tax on a PAYE system like in the UK, or do you just get a bill at he end of the year?
If you want to claim any special allowances then you have the option to make a declaration at the end of the tax year to claim back any overpaid tax. If you are happy with the tax deducted then you do nothing.
If you earn over 22000 you must make a declaration each year.
The tax year is the calendar year and you make the declaration during May and June the following year.
