Help working out tax figures

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146
Hi

If my wife and I joint income is 69134.01 for last year. and the tax paid according to our p60's is 6218.14 and our tax credits for the year are 7164.00 how much tax should we have paid. Thanks for any help as I just cant sem to figure it out.
 
You don't supply enough information in your post. You will need to access this http://www.taxcalc.eu/ and put in the figures and allowances on an indvidual basis because otherwise this happens :

Calculate end of year tax returns (Married)
Tax year for calculations is 2007
(Form P21C)
Selected currency is Euro €

INCOME FROM EMPLOYMENTS €:
Income for Self 69134.01
Income for Spouse 0.0
Other Incomes/Benefits 0.0
--------
Gross Statutory Income 69134.01


CREDITS (@20%)€:
Personal Allowance 17600.0
PAYE Allowance 8800.0
Medical Insurance Allowance 0.0
Service Charge Allowance 0.0
--------
Total Credits (@20%) 26400.0


ALLOWANCES (@41%) €:
Med Expenses, Perm Health 0.0
Expenses 0.0
--------
Total Allowances 0.0

COMPUTATION OF NET TAX PAYABLE BY YOU €:
Gross Statutory Income 69134.01
Less Allowances before tax 0.0
--------
Taxable Income 69134.01
Which is chargeable as follows:
43000.0 @ 20% = 8600.0
26134.008 @ 41% = 10714.943
--------
Income Tax due 19314.943
LESS €:
Tax Credits (26400.0 @20%) 5280.0
Total Income Tax due 14034.943
Net Tax deducted under PAYE 6218.14
--------
Tax Underpaid € 7816.803

Allowing your full tax credits changes this to
Tax Underpaid € 5932.00