Hi
I am filling out for 11 online for the first time, so this all very new having been PAYE all my working life.
I am PAYE and earn approx 93K pa after pension etc. At the moment I take the married tax and other credits.
I am not sure if we can claim the home carers anymore.
My wife started a small business in 2010, teaching. For 2010 my wife's income was €1.6K and for 2011 will be approx €5K.
The final tax bill is coming out at €700 (almost 1/2 her income). if this holds for 2011, then we are facing a bill of €2.5K for the extra €5K.
Am I missing something, as it seems everything my wife earned is being charged tax at the higher rate.
I am filling out for 11 online for the first time, so this all very new having been PAYE all my working life.
I am PAYE and earn approx 93K pa after pension etc. At the moment I take the married tax and other credits.
I am not sure if we can claim the home carers anymore.
My wife started a small business in 2010, teaching. For 2010 my wife's income was €1.6K and for 2011 will be approx €5K.
The final tax bill is coming out at €700 (almost 1/2 her income). if this holds for 2011, then we are facing a bill of €2.5K for the extra €5K.
Am I missing something, as it seems everything my wife earned is being charged tax at the higher rate.