How Does UK Tax Work? | Income Tax Explained

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Information How Does UK Tax Work? | Income Tax Explained | PAYE

Title	:	How Does UK Tax Work? \| Income Tax Explained \| PAYE
Lasting	:	7.27
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Views	:	66 rb

Watching from india your teaching method is very good
Comment from : Abhishek

To Joe,brThank youbrYours sincerely,brA very confused lady
Comment from : Cazza Bo Jangles

You lost me too complicate😅
Comment from : sasa

Thanks for the info Except if you're not getting any reward from your work besides monetary, it's time to look into better options ❤
Comment from : Oriana Setz

This was very helpful, thank you ☺️
Comment from : Tyra Jammeh

Im currently 15, lets say in the future i earn say 35k a year, but i set my business up in a country with 0 tax such as dubai, does that mean i have to pay 40 tax because i live in the uk or does it mean i pay 0 cos my funding is going through dubai
Comment from : Thomas Crummey

You could have use a board to explain
Comment from : abdulrahman abusanenah

Excellent explanation, and a great video too !
Comment from : Agnelo De Araujo

0:50 corperation tax ay?
Comment from : Jon-79

Great video Joe 👍🏾
Comment from : Jordan

How do you survive in the UK with just 12,000 yearly? Is that even possible? Just out of curiosity
Comment from : Fede Sposito

Please do i have to apply for a tax refund or they automatically refund d excess?
Comment from : Evans Panama-Igumah

You are a brilliant young man thank you Word perfect, perfect diction x
Comment from : Zeena Dunkeld

Man my gross wage in a year is £25600 per year When should i start paying tax? Should I start paying tax in my first salary or after earning the £12,570 (personal allowance) I hope youll answer me Thanks Joe
Comment from : Rhochele Alexes Pimentel Pimentel

good video, thanks for sharing this I'm working on learning about money and becoming financially independent
Comment from : Kikis

Thanks 😊
Comment from : ju ju juja ja ja ja

You should not pay tax on inheritance who the fuck even has the authority to steal wealth like that and we allow it
Comment from : Annum Azam

Very helpful video man, i did not know half of that
Comment from : Thomas Nicholson

Malayali 🎉
Comment from : Web Web

Oh u r a bron teacher!brExcellent explanation
Comment from : Rabail UK

great thank you for communicating it clearly
Comment from : andy teemal

Thanks for being out here teaching the real facts we need 🙏
Comment from : Karatemario

How much will cut wen i work for two employer's
Comment from : Arun s John

I can pay for your time if you can get in touch please
Comment from : Versatile Creatives

How would I go about getting taxed? I know it sounds silly but I've not been getting taxed for the last three months at my new job and it's rather concerning
Comment from : Tyndaal

You do not look like a Joe br(Hopefully no offence taken)
Comment from : Hania Ali

Very good explanation
Comment from : Leem Elhawati

hey i worked over the summer and made nowhere near £125k Was wondering why i got taxed over £500? Is there a way to get this back and what kind of tax is this?
Comment from : OsianG2

Thanks mate, you made everything clear👍🏻
Comment from : Gracjan Watches

Great uploadsquestion if I'm self employed and working for an employer can I obtain the zero rate tax allowance for up to 12500 or will they start taking tax straight away from wages
Comment from : h

Good presentation! I have one doubt, as a nurse i earn 2000 a month after deductions, so in an year i earn 24000!!! Is that my earning or 2600 ( includes paye and NI) in to 12 months 31200? My total earning for the financial year will be 2400( the money after deductions) or 31200 without deductions? Just want to know what’s my total earning in year as per HMRC, do they calculate all the money i am paid or the take home is considered as my earning?
Comment from : Desi Traveller

Great info What happens if one was doing two jobs paying say 30k each?
Comment from : Kayode Akano

As tax specialists we have to say, there's some great explainers here!👍
Comment from : RIFT Tax Refunds

But something doesn't make sense I earn gross monthly of 3800 but I get net of 2700 So, i am being charged 2000 Because 45-11 is 34,000 so 34 x 02 should be 145 but current I am being taxed at 19 (45-32K X 02)
Comment from : Nouer Uz-Zaman

My guy
Comment from : ItzChaos

so does that mean everyone is paying the same £7600, if they’re earning up to or over the 50k bracket (Not including the tax included past that threshold)
Comment from : Maxumph Ampora

mashallah
Comment from : mirac keles

Long time i want know you are excellent I learnt loads thank you
Comment from : Hamed Majed

Great stuff brYou just answered the nagging question on my mind
Comment from : Adebowale Adebayo

Great info thanks I recently started a new job with commission and was worried that if I earned over 50k for the year I would get taxed 40 tax on the whole amount so I have been under performing to keep it under 🙄 glad I watched this now
Comment from : Ben Westlake

2:15 your welcome 👍brBut a very helpful video brThank youu
Comment from : A G

Ithu pwolichu bro 😎 bruseful content
Comment from : prasad Adithi

I haven't earned over 12,500 yet but I'm paying 20 tax
Comment from : Hard Worker

We tax on what we buy VAT, on income with income tax, on a pension with tax on that, we pay tax on a inheritance Its not double taxation its quadruple taxation and its not economical because it doesn't solve a issue or contribute to the benefit of the most people involved in it, it makes us spend less, able to save less, spend less in the long term and leave less behind, money requires earning to be saved, spent, debt to be paid off, losses recovered A free tax guide would help every year by email or post
Comment from : Curtis Carpenter

bTaxes should be manditory to learn/bbrinsead we're just shoved out into abyss
Comment from : The Chemist

Amazing video!
Comment from : Hamida Begum

Taxes aren’t the problem It’s how the government spend it that for me is the problem A small group of people decides how it’s spent There should be public votes for major decisions
Comment from : Globe Heating

Started studying economicsThis video really helped
Comment from : Jerome Butcher

Can you please tell can I claim I working 5 years and never claim please tell me how I can claim
Comment from : MIR WAHEED ZEHRI

Hi Dear can you please tell me I am now started working which tax return I can claim I never claim in my life before is it working tax or what is best to claim
Comment from : MIR WAHEED ZEHRI

might possibly be going to uk for work and this was extremely helpful :D
Comment from : Mystearicia

Well explained
Comment from : DIY SAM

At least your family hasn't had to pay into the system for generations, only to have it go to new arrivals
Comment from : Bikini Bandit

It's really informative vedio Thanks😀 I think you are from India, but i should really appreciate your British accent Good job
Comment from : Ankita Malviya

He got some of it right 'but' he didn't mention the £37,500 bit which is important to people paying the higher and additional rate
Comment from : Andrew Symons

thx this video helped me
Comment from : ForbiddenWords ASMR

great vid! well explained:)
Comment from : Rahul Batra

Bro can u explain about pensions how its taxed and how much taxed and more
Comment from : movie clips

It all goes to the Satanic pedophile cabal It keeps them rich beyond the dreams of avarice It keeps you poor
Comment from : John Peacock

Thank you for this video Was really helpful good work brother
Comment from : Nikhil Chacko

Do you know what kutty means?
Comment from : MJ Rashid

support
Comment from : Sam C

does anyone know if we have to pay tax for tiktok money in the uk?? like i’ve only earned £50 so far and i wanna withdraw it but i’m not sure if i have to pay tax for it or not??
Comment from : yaz

Wow Thanks bro This video is of great knowledge It really answered my questions Thanks a lot👍
Comment from : Denzil Fernandes

Hello! You said that one MAY STILL get taxed however, we shouldn’t worry because it will be returned by April My question is how do they determine how much they’re taxing you (the one that they’ll return) for a specific time period (in this case, a month’s worth of work) when they shouldn’t be taxing you (you have not reached the allowance threshold) You can make up an example based on a specific tax code and salary to explain precisely If you do reply, thank you very much!
Comment from : P Gon

Nice one Joe! Can you give me an explanation on how income tax effects commission
Comment from : Ed Fenton

This video is rly informative and clear wth lemme check your channel out
Comment from : Fini

This is what I was searching for!! Thanks :) Also loved your accent though I am learning British accent You should really teach English, not kidding
Comment from : Urvoshi Bondona

Simple no nonsense explanation, thank you!
Comment from : john holme

Cheers mate very good content
Comment from : Desi Klown

Wow OkbrbrI’ve learned something new
Comment from : Hannah Mitchell

This is so informative! Thank you
Comment from : ohtherealher

cheeeez man like jor
Comment from : headering

Hey can you explain us how to calculate K tax code
Comment from : Kaveri Kamble

this was extremely useful Im about to start college and i was just worried about my futureThis really helped with my confidence
Comment from : MaksiMoose

This good a good session ✌️brBtw 3:50 those were baby hands 🤭
Comment from : Purva

Great video mate Keep it up
Comment from : yourface

This is hella confusing but very useful
Comment from : Switch IOS

Do immigrants pay taxes?
Comment from : Rahma Lubanza

Good work brother
Comment from : Alen George Uthup

If I trade currency and get money from forex, it count it as income tax or capital gain tax in UK?
Comment from : Cecily Tse

POV: your teacher sent you
Comment from : Jaydin Achkar

Quality vid lad 🤘🏽
Comment from : J goat

How tax codes are determined ?brI have seen people earning same salary with different tax codes one pays tax and other doesn't
Comment from : abhay mahadik

Yoo Could you compare UK tax with Switzerland Or talk about brexit? Please
Comment from : Xavi Navarro

No taxes is a very good thing
Comment from : Ice

i was shown this at school
Comment from : ItzKINGcringe

Good knowledge thanks
Comment from : Islamic Bayans

Please tell us about as an entertainer how much tax I need to pay as an you-tuber or as online host on apps like bigo plz
Comment from : bilal Khan

I have a doubtif my friend is contributing to me some money from America as a charity, and if I use it for time being, do I need to pay tax for this?brThanks
Comment from : Annis Panikulam