How much tax will I pay now that I am self-employed

4 posts Page 1 of 1
viditagarwal
Posts: 1
by viditagarwal » Wed Apr 04, 2018 1:48 pm
I just want to know as a self-employed how much tax will I pay?
User avatar
Foggy
Forum Expert
Posts: 27467
Contact
by Foggy » Wed Apr 04, 2018 2:42 pm
viditagarwal wrote:
I just want to know as a self-employed how much tax will I pay?



You will have to speak to HMRC about that. But it is broadly the same as a PAYE person would, in terms of tax free thresholds and the tax bands above that. You will aso have to pay NIC, based on your profits.
User avatar
Lisa Thomas
Industry Expert
Posts: 7099
Contact
by Lisa Thomas » Wed Apr 04, 2018 2:57 pm
User avatar
watzki
Posts: 353
by watzki » Wed Apr 04, 2018 5:17 pm
You pay 20% of your wages if you are in the building industry,if you are doing your own business you pay when you submit your accounts
4 posts Page 1 of 1
Return to “self employed and company/business”

Who is online

Users browsing this forum: No registered users and 1 guest