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  3. Law: Taxation & Customs

Personal credit

English translation: pesonal allowance

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Personal credit
Selected answer:pesonal allowance
Entered by: monepi

13:57 Sep 2, 2008
English language (monolingual) [PRO]
Law: Taxation & Customs
English term or phrase: Personal credit
Document from Ireland; Euroform; Notice of Assessment for year ending 31 december 2006 you have been assessed to tax for the above year as follows: (...)
Panel 3 Personal allowances/reliefs and deductions; Panel 5 Credits/reliefs set against tax on income: Personal credit - 1630; PAYE credit - 150; RENT UNDER 55 CREDIT - 330; tRADE UNION SUBS CR - 60 = 2170
monepi
Local time: 06:13
pesonal allowance
Explanation:
I think this is probably the same as personal allowance, i.e. the part of your income on which you pay no tax.

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Note added at 3 hrs (2008-09-02 17:40:37 GMT)
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Sorry. peRsonal allowance.
Selected response from:

Jack Doughty
United Kingdom
Local time: 05:13
Grading comment
Thank you:)
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +3pesonal allowance
Jack Doughty


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
personal credit
pesonal allowance


Explanation:
I think this is probably the same as personal allowance, i.e. the part of your income on which you pay no tax.

--------------------------------------------------
Note added at 3 hrs (2008-09-02 17:40:37 GMT)
--------------------------------------------------

Sorry. peRsonal allowance.

Jack Doughty
United Kingdom
Local time: 05:13
Native speaker of: English
PRO pts in category: 8
Grading comment
Thank you:)

Peer comments on this answer (and responses from the answerer)
agree  Demi Ebrite
2 hrs
  -> Thank you.
agree  Phong Le
10 hrs
  -> Thank you.
agree  kmtext
16 hrs
  -> Thank you.
neutral  Jack Dunwell: Jack. It's not "A" personal allowance is it? Seems like some sort of adjustment at this low level? Thoughts?
1 day 3 hrs
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