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Where Taxpayers and Advisers Meet
hypo tax
As I have been NT code for over 25yrs and not lived in the UK for the same and no assets in uk, at present I am resident and living in Azerbijan were I have been for the last 7yrs WG are taking off me hypo tax on a monthly basis same rate as uk can you explain please if this is correct
Re: hypo tax
Hypothetical tax is used to calculate your net pay when your employer has agreed to pay you a set amount after all deductions (ie you will have no tax to pay on the the amount you recieve). It is not a tax. It is simply part of your employer's calculation of the amount they will pay you. The calculation of your pay will be explained in your contract.
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DavidTreitel
- Posts:271
- Joined:Thu Aug 16, 2012 4:31 pm
Re: hypo tax
You and your employer can negotiate as to whether the stay at home hypothetical tax is correct. A good accountant who specialises in tax equalization could assist you in those negotiations should you wish.
