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

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viditagarwal

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Post by viditagarwal » Wed Apr 04, 2018 1:48 pm
I just want to know as a self-employed how much tax will I pay?

Foggy

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Post 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.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
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Lisa Thomas

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Post by Lisa Thomas » Wed Apr 04, 2018 2:57 pm
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

watzki

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Post 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
Today 1st of December 2016 the vultures finally flew away
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