Glossary entry

English term or phrase:

Personal credit

English answer:

pesonal allowance

Added to glossary by monepi
Sep 2, 2008 13:57
15 yrs ago
2 viewers *
English term

Personal credit

English Other Law: Taxation & Customs
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
Change log

Sep 15, 2008 12:55: monepi Created KOG entry

Responses

+3
1 hr
Selected

pesonal allowance

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.
Peer comment(s):

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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4 KudoZ points awarded for this answer. Comment: "Thank you:)"
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