Non resident tax after Brexit
I,m sure most of non residents know about the rise this year in the calculation of tax to pay going from 19% to 24%. I had therefore expected a slight increase of the payment going up 5% which by my calculation would be a further 10€ approx.
I was so wrong and had to ask for an explanation from the new person who I have engaged after Angar Taxation had doubled their fees.
The new payment has actually increased by 25% not 5% as I wrongly thought. The increase is calculated on the cadastral value which in our case was 526 x19%= 100.04. each. However the new 526x 24%=126 which is actually 25% not 5% of the old payment. So our tax payments of 252€ is the new payment not the 10€ as I had expected it to be.
Just thought I,d forewarn anyone who expected the same end result as I had expected.
Regards
Pauline