Increase in 20% tax band

bacchus

Registered User
Messages
1,814
For 2005, the tax bands & rates for a married couple with 2 incomes are:
- 38,400 @ 20% (with an increase of 20,400 max.)
- Balance @ 42%

How is the increase amount defined?
 
ClubMan said:
Not clear on the question either but [broken link removed] might help.

That's the link i got the info from.
Married couple - 1 income : tax band 20% to €38,400, tehn 42%
Married couple - 2 incomes : 38,400 @ 20% (with an increase of 20,400 max.)

I understand that a married couple with 2 incomes can to be part of the 20% tax band up to €58,400 of income and then 42% above that .
So the 20% tax rate is a "variable" band from €38.4k to €58.4k.

My question is : How is calculated the variable part (from €38.4k to €58.4k) a married couple with 2 incomes is entitled to?
 
The way the increment in the standard rate band works is that the lower earning spouse pays 20% tax on the lower of their gross or €20,400. The normal married standard rate band of €38,400 is then split as requested between the spouses. A simple case would be where one spouse earns €20,400 or less gross p.a. In this case that spouse would only pay 20% tax on their income and the other spouse would get the full married standard rate allowance of €38,400. Where both spouses earn more than €20,400 then the €38,400 is split whatever way benefits them most. On joint/aggregated married taxation this should happen automatically. The €20,400 increment is not transferrable so if on spouse earns less than €20,400 then the "unused" allowance cannot be transferred to the other spouse. Once gross tax at 20% and 42% has been calculated the relevant tax credits are subtracted to give net tax.

It might be easier to just plug the relevant figures into a [broken link removed] and check the results.