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Thread: What would you do if you were made the Prime Minister of your country?

  1. #76
    Cricket Web Staff Member / Global Moderator Neil Pickup's Avatar
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    What are you trying to say by that?
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  2. #77
    Eyes not spreadsheets marc71178's Avatar
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    My understanding is that your understanding of the Corporation Tax laws is wrong.
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  3. #78
    Cricket Web Staff Member / Global Moderator Neil Pickup's Avatar
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    My understanding of the CT laws is that the bands (not sure of the exact cutoffs) go:

    Band 1 - 0%
    Band 2 - 23.75%
    Band 3 - 19%
    Band 4 - 32.75%
    Band 5 - 30%

  4. #79
    Eyes not spreadsheets marc71178's Avatar
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    The 2nd and 4th are "effective bands" to aid the calculation of marginal relief. The main bands are the 0, 19, 30.

    Although most companies are still paying the 10, 20, 30 with marginal relief.

    What it means for the 2nd and 4th is that you are now taxed at 0 for the first 10,000 and 23.75 for the next 40,000 (I think).

    Once you get to 50,000, you're taxed at 19 on all of it!

    The 2nd and 4th bands just smooth out the increases in rate.


  5. #80
    Cricket Web Staff Member / Global Moderator Neil Pickup's Avatar
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    I get you...

    Well Explained

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