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The mystery of gross pay and nett pay

Written by Bob Evens on 03 March 2017 (Accounts)

I have never really understood the Inland Revenue’s tax bands. As a mathematician, I would have made sure that every threshold was a multiple of 156, so that it could be divided by 12 (months) and 52 (weeks). That way, you could pay yourself the same gross amount each month, and the nett amount would […]

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