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

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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?


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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.
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Post by Lisa Thomas » Wed Apr 04, 2018 2:57 pm
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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
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