Re: The order of taxable income for Directors?

Peter Saxton wrote:
There's no order. Why should there need to be an order?

....
"Peter Saxton" wrote
Are you saying the total tax is different
depending on some order you put them in?

"Tim" wrote:
Of course that's true.
It's actually very worrying if an accountant can't see that...

"Peter Saxton" wrote
I see reality rather than what people think is right.

The only order is non-savings income, savings income and dividends.

Aha! - Now you've changed your mind!
ORIGINALLY: Peter Saxton wrote: "There's no order.
Why should there need to be an order?"
!

"Peter Saxton" wrote
You don't have each source of income put in order and then
allocate allowances and tax rates to each source of income...

No-one suggested that **every single** source has a specific
place in the order. Just that some items have to go before/after
others - which (as you have now realised) is quite true.



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