Abstract
The preceding sections have considered what emoluments are chargeable to tax and under what schedule the tax will be charged. The next step is to look at the system for charging and collecting the tax from each individual. This is done by assessing the chargeable emoluments for the year and setting off the personal allowances due, leaving a net taxable figure. The appropriate rates of tax are applied to this figure and the end result is the amount of tax due for the year, on the earnings of the employee. This figure is, broadly speaking, the amount the individual must pay, or has already paid, in respect of that particular year.
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© 1984 KTR
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Packer, B., Baker, E. (1984). Assessing and Collecting the Tax. In: A Tax Guide to Pay and Perks. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-17585-7_3
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DOI: https://doi.org/10.1007/978-1-349-17585-7_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-37343-9
Online ISBN: 978-1-349-17585-7
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