Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

U.S. tax reform May cause israel to drop key investment law

byCT Report
16/04/2018
in Uncategorized
Share on FacebookShare on Twitter

WASHING TON: Data for 2015-16 shows that the average taxpayer in Horsham brought in £41,100 over the year, with some taxed on a combination of income from regular jobs, self-employment and pensions. It means that the average total income for taxpayers in the area was 23% higher than the UK average of £33,400. The HMRC data only includes those who pay income tax. As the tax-free personal allowance increased from £6,475 in 2010-11 to £10,600 five years later, an estimated 3,000 fewer workers were taxed in Horsham in 2015-16. With fewer people on lower paid jobs included in HMRC’s most recent data, average earnings went up by £7,500 at the end of the five-year period. Taxpayers in Horsham paid an average £7,960 in income tax over 2015-16. With 77,000 people taxed in the area, it amounted to a total contribution of £613 million to government coffers.

The average income of taxpayers in Horsham was higher than across the South East, where the mean was £37,900. The majority of taxable income came from paid employment. In addition, 8,000 people paid tax on money earned through self-employment, including those who work for themselves full-time or who run a business alongside a main job. The London borough of Kensington and Chelsea had the UK’s highest average income, with 74,000 taxpayers making an average of £178,000.

You might also like

“Young entrepreneurs can reshape Pakistan’s economic future”

17/10/2026

NBP inks MoU with PowerChina arm for green financing collaboration

17/10/2026

Related Stories

“Young entrepreneurs can reshape Pakistan’s economic future”

byCT Report
17/10/2026

ISLAMABAD: The president of the Islamabad Chamber of Commerce and Industry has called for turning Pakistan's youth into a driver...

NBP inks MoU with PowerChina arm for green financing collaboration

byCT Report
17/10/2026

LAHORE: National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with PowerChina|Integrity Energy Storage (Shanghai) Technology Co....

FBR implements faceless tax audit and assessment system from October 15

byCT Report
17/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented a new framework for conducting tax audits, assessments and related proceedings...

Pakistan explores new funding options with three UAE Banks to ease debt pressure

byCT Report
17/10/2026

ISLAMABAD: Finance Minister Muhammad Aurangzeb held separate meetings with delegations from Sharjah Islamic Bank, Abu Dhabi Commercial Bank and Ajman...

Next Post

Irish beef to be given access to China markets

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.