retired_volleyball5

How is tax calculated on the game cause ive noticed if you make loads of profit, one season the next inland revenue hammers you with tax, but should they nail u to this extent.

]Finances[/URL]

Its only november

retired_e.redwan

Tax should be a percentage of your profits I believe. How does the amount you are paying in tax compare to the profits you are making?

retired_joycepr

Ouch more than 50% going in taxes... That's super tax and 1/2.

Sorry I've no idea.

retired_e.redwan

Corporation tax would be 30% of your profits.

Just checked one of my saves and my tax is 39% of my profit so there is something else going on...

Dav1d

Tax can be anything upto 40%. It depends on certain factors but I'm not exatcly sure what.

retired_ehoff15

probably employer's NI contribution as well?

retired_roshawnda82

It depends on whether FM just lumps everything into one overall 'tax' measurement - here you could have the Co's corporation tax, national insurance contri butions, capital gains tax etc.

However, it should really just show the Corporation Tax charged on its profits. Assuming your club has made £1.5m or more in profit, then they should be taxed at 30%. It's a little more complicated if your club has made less than £1.5m in profits but if you want to know more just ask.

retired_roshawnda82

Tax can be anything upto 40%. It depends on certain factors but I'm not exatcly sure what. </BLOCKQUOTE>

If we're just referring to Corporation Tax then the top rate is 30% - this is for companies who's profits are £1.5 or more.

retired_chay001

So, if this is a true reflection then all EPL clubs have been funding the war in Iraq?