UK Tax Calculators.co.uk
UK Tax Calculators.co.uk
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Needs tweaking in the app for next years NI letters. Companies and employees will no longer get no rebate
Chris - 25/03/2016 22:30:48Thanks Chris, I have corrected the NI letters for 2016/17.
Ray Arman
THANKS
Petr Dzurko - 24/03/2016 11:56:28
In Salary vs Dividend, it would also be interesting to see a calculation for Salary at Primary Threshold too
Nick Moore - 17/03/2016 07:45:58Secondary threshold was chosen as the primary threshold allows the minimum qualification for the state pension - we'll look into the primary amount however just for comparison . Thanks!
Ray Arman
On the Multiple Income Calculator can you put the total property income and then the mortgage payments for new BTL tax?
Dave - 16/03/2016 22:39:46We updated the Multiple Income Calculator yesterday (Budget Day) for the changes to Capital Gains, where residential property does not qualify for the reduced 10%/20% rates. The other changes affecting Landlords were Stamp Duty (from April 2016) and tax relief changes to claiming tax relief on mortgage interest. The latter means relief will be restricted to the basic rate of income tax, but is gradually introduced from 6 April 2017. From April 2016 the Government will also replace the Wear and Tear Allowance with a new relief that allows landlords to deduct the actual costs of replacing furnishings instead of the fixed amount. For both of these scenarios we suggest just subtracting costs as applicable and entering into the box NET profit before taxes.
Ray Arman
When try to put date of birth as oap it keeps going back to 1970 taking of N.I? so no use for pensioners
David - 10/03/2016 17:52:03You can now enter your date of birth and be guided to prevent an invalid date. Please try the calculator again. Alternatively, if you wish to not supply the date, you can tick the box to not include NIC deductions.
Ray Arman