Tax Calculation
Reference numbers beginning with 'C' (eg C3.46) refer to the Inland Revenue Tax Calculation Guide
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Step 2 - Taking off deductions

Total income (from Step 1)

 

 

xvar0

 

Deductions from income

       

Personal pension payments (paid gross)

xvar1

(C2.27)

   

Interest on qualifying loans (not in MIRAS)

xvar2

(C2.28)

   

Maintenance or alimony paid
(old-rules payments above £1,970)

xvar3

(C2.29)

   

Charitable covenants and Gift Aid payments

xvar4

(C2.33)

   

Losses

xvar5

     

Trade union and friendly society death benefit payments

xvar6

(C2.20)

   

Foreign tax on estates
(tax credit relief not claimed)

xvar7

(C2.23)

   

Personal allowance

xvar8

(C2.36)

   

Age-related allowance

xvar9

(C2.37)

   

Blind person's allowance

xvar10

(C2.38)

   

Blind person's allowance - surplus from spouse

xvar11

(C2.40)

   

Transitional allowance

xvar12

(C2.39)

   

Total deductions and allowances

 

xvar13

(C2.42)

Taxable income

 

xvar14

(C4.23)

         

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