tax_parameters: Key income tax parameters for the UK.

In p0bs/p0bservations: Assorted Functions and Observations by P0bs

Key income tax parameters for the UK.

Description

A dataset containing the main tax parameters used for calculating net income for the UK (outside of Scotland).

Usage

tax_parameters

Format

A data frame with 3 rows (one for each tax year) and 14 variables:

year_tax_end

the calendar year in which the end of the tax year occurs

level_ni_lower

the lower level breakpoint for National Insurance

level_ni_upper

the upper level breakpoint for National Insurance

level_allowance_lower

the lower level breakpoint for personal allowance

level_allowance_upper

the upper level breakpoint for personal allowance

level_tax_higher

the income breakpoint for higher rate income tax

level_tax_upper

the income breakpoint for upper rate income tax

rate_ni_lower

the lower level tax rate for National Insurance

rate_ni_upper

the upper level tax rate for National Insurance

rate_allowance_drop

the rate at which personal allowance drops after 'level_allowance_upper'

rate_tax_basic

the basic rate of income tax

rate_tax_higher

the higher rate of income tax

rate_tax_upper

the upper rate of income tax

rate_tax_sales

the rate of sales tax, also called VAT

Source

https://www.crunch.co.uk/knowledge-tax/tax-rates-thresholds-and-allowances-for-current-tax-year/

p0bs/p0bservations documentation built on Nov. 14, 2024, 5:09 a.m.