11-17-2003, 06:10 AM
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Hi
Hello guys, long time no see,,,,,,,,,
Sajjad Dar
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4) Over £29,900 Higher rate Tax you have to pay 40% income tax and 10% NIC (total 50%).
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Surprised nobody challanged it, its wrong.
Please read your study manuals carefully before advising people on tax matters, it could land you in difficulty somewhere in your professional life.
General
For the benefit of those who are planning to enter European market for their training programs,,, let me tell you that in my opinion and experience There has been a sudden revival of trainee market in UK. please dont ask me the reasons....... the change in rules re work permits designed for next year is fuelling the situation.
I am in public practice and when I speak to my other friends in other practices they all seem to prefer people with ACCA qualifiction and a couple of years experience not from the BIg four in pakistan but from medium or smaller practices.... becuase when you enter in big company your professional development is restricted to the dept. you go in (thats the view here which is in line with big four prctices of UK,,, though pakistani big fours are pakistani big fours)
Finally, I have seen a lot of talk of CISA on this forum,,, trust me nobody in Europe knows CISA even in USA nobody knows of them....... I think time and money can be better utilized. their website is good but thats it....
Thanks
zubair
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Huh?!... Whats wrong with the 40% income tax rate??... That's 100% correct... I think you might be thinking about previous year figures... Because the 'limits or ranges of income' on which income tax is charged changes from year to year.
Hi
Hello guys, long time no see,,,,,,,,,
Sajjad Dar
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
4) Over £29,900 Higher rate Tax you have to pay 40% income tax and 10% NIC (total 50%).
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
Surprised nobody challanged it, its wrong.
Please read your study manuals carefully before advising people on tax matters, it could land you in difficulty somewhere in your professional life.
General
For the benefit of those who are planning to enter European market for their training programs,,, let me tell you that in my opinion and experience There has been a sudden revival of trainee market in UK. please dont ask me the reasons....... the change in rules re work permits designed for next year is fuelling the situation.
I am in public practice and when I speak to my other friends in other practices they all seem to prefer people with ACCA qualifiction and a couple of years experience not from the BIg four in pakistan but from medium or smaller practices.... becuase when you enter in big company your professional development is restricted to the dept. you go in (thats the view here which is in line with big four prctices of UK,,, though pakistani big fours are pakistani big fours)
Finally, I have seen a lot of talk of CISA on this forum,,, trust me nobody in Europe knows CISA even in USA nobody knows of them....... I think time and money can be better utilized. their website is good but thats it....
Thanks
zubair
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
Huh?!... Whats wrong with the 40% income tax rate??... That's 100% correct... I think you might be thinking about previous year figures... Because the 'limits or ranges of income' on which income tax is charged changes from year to year.