Quote:
Originally Posted by Flyboy
And I suppose by definition you are going to assume...what? That perhaps not everybody funds the tax take of the UK? Corporate taxes are ultimately paid buy the consumer, don't you agree. The rates of income tax is no the only indicator of how much tax a taxpayer pays.
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Seriously, how can you not understand that when the economy is doing well, more tax is paid as more people are earning and spending, and when the economy is doing badly, less tax is paid because fewer people are earning and spending?
---------- Post added at 23:01 ---------- Previous post was at 22:55 ----------
Quote:
Originally Posted by Flyboy
That is the amount of money you can set against your taxable profits, not the amount of money saved from the amount of tax you pay. On your calculation, of thirteen thousand seven hundred and fifty miles, you would pay nine hundred and eighty-seven pounds less tax, on basic rate, not four thousand nine hundred and thirty-seven pounds.
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Last time I checked it's the tax man (HMRC) which dictates that you can claim the 40ppm and 25ppm as legitimate expenses.
You don't put a claim in for the tax you would have paid had you not claimed the expenses.