SECTION E: TAX QUESTION

Income Tax

Find your taxable income by subtracting your tax-free allowance from your annual income.

You pay income tax at 20% on the first £31,865 of your taxable income.

You pay income tax at 40% on your taxable income above £31,865 but below £150,000.


Annual income:
Taxable income:
(b) the amount of income tax which Ashton paid in the year.
Income ABOVE Basic Rate Tax Threshold:
Higher Rate Tax Paid:
Basic Rate Tax Paid:
TOTAL Tax Paid: