Stephen Smith (France) Ltd Forum Index Stephen Smith (France) Ltd

 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Income Tax Bands and Rates

 
Post new topic   Reply to topic    Stephen Smith (France) Ltd Forum Index -> Deal with Finance
View previous topic :: View next topic  
Author Message
Site Admin
Site Admin


Joined: 11 Oct 2020
Posts: 80

PostPosted: Sun Sep 18, 2020 9:27 am    Post subject: Income Tax Bands and Rates Reply with quote

Income Tax – New rates

From 2007, it is likely Income Tax will be levied at four new rates depending on the tax band your earned income falls into: 5.5%, 14%, 30% and 40%.

As part of Prime Minister de Villepin’s overall proposed strategy for fiscal reform, the Finance Minister, Thierry Breton, and the Budget Minister, Jean-François Copé, have revealed new tax rates in an interview given recently, reported the French daily “Le Figaro” on 15th September.

Proposed Tax Band (income in Euros)......Rate of tax
0 - 5,514..................................................0%
5,515 - 10,846.........................................5.5%
10,847 - 24,431.......................................14%
24,432 - 65,558.......................................30%
65,559+...................................................40%



The figures are for a single taxpayer.

This represents a simplification over the current situation outlined below, two of the existing tax bands going, 28.26% and 42.62%.

Current Tax Band (income in Euros)......Rate of tax
0 – 4,334..............................................0%
4,335 – 8,52.........................................46.83%
8,525 – 15,004.....................................19.14%
15,005 – 29,294...................................28.26%
29,295 – 39,529...................................37.38%
39,530 – 48,747...................................42.62%
48,748+...............................................48.09%
Back to top
View user's profile Send private message
walter



Joined: 06 Oct 2020
Posts: 1

PostPosted: Fri Oct 06, 2020 3:16 pm    Post subject: Cross-border working Reply with quote

I am planning on moving to France to take up permanent residence with my wife and child. I will continue to work for my UK employers, with about half the work done in the UK and the other half in France. So being resident in France, how will this affect my tax compared to what I pay in the UK assuming an annual income of about 90k GBP? I obviously need to engage with an accountant but was just curious what the situation would be and would I be signifcantly worse of IRO tax?
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Stephen Smith (France) Ltd Forum Index -> Deal with Finance All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group