Tax FAQ
 

Uk Employed And Self Employed Tax Calculation?

In 08-09 ,employed Profits 16000[Tax & NI Paid by employer]
Self employed Income :16500

How much tax for self employed?


Answer: 16500 @ 20% = £3300
Refinement 4 NIC 16500 - 5435 = 11065 @ 8% = £885.20
 
 

Question About UK Self-employed Tax?

I have recently registered as self-employed and I be informed I dont pay VAT and I know how much NICs I have to pay. However I can't find anywhere a figure for how much tax I pay at the end of the year. I know if depends on the amount I warrant however does anybody have a link to a hmrc page that states the bands? Or does anyone identify the exact figure?

Thanks


Answer: Full details here:
http://www.supervise.gov.uk/en/MoneyTaxAndB enefits/Taxes/BeginnersGuideToTax/Income Tax/IntroductiontoIncomeTax/DG_078825

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Imcome Tax
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Employed, Self Employed - UK Tax Return.?

I am currently employed on a permannet base. In my spare time and weekends I am also doing some consultancy / project management toil for 2 other companies. I am a little confused as exactily what section I need to fill out on on my UK take return. Do I fill out Q13, 'Other taxable Takings' or 3.1 under 'Self Employment' ? I dont have a named business, I simply bill them in my own name and speak. Would appreciate any advice you can give, thanks !


Answer: I had the same mind-boggler so i just took it to the tax office and let them deal with it because they fined me £100 for not filling the structure in correctly the first time.
Their helpline number is 0845 900 0444

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Hi If I Am Self Employed Paying Uk Tax With My Website But Living In Asia Can I Claim Child Tax Credits?


I pay uk taxes in asia because my website is uk registered but i can run it from anywere


Answer: stage 3(3) Tax Credits Act 2002 states that in order to qualify for either child tax put or working tax credit the claimant must be over sixteen and resident in the UK.

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When Do You File Your First Self-employed Tax Return In The UK?

I started a very short at home business in May 2009, and I'm a bit confused about when I need to file a tax return. Since I started after the outset of the tax year, does that mean I'll get a form in April of this year, or should I have already filed? Thanks!


Answer: May 09 falls within 09/10 tax year.

self assessment reparation deadline for 09/10 is 31/10/10 if filing by paper, or 31/01/11 if filing online. Virtuous so you know, you should call the rev to register if you havent already, they'll provide you with a paper return come april, also a relation number to register & file online.

Go to www.hmrc.gov.uk click on "self assessment" at the top under individuals & employees.

Cut out: Also, good

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Barber / Hairdresser | Hairdressing Jobs In The UK

Self-employed people are accountable for paying their own Inhabitant Warranty contributions and Tax. Category This is a self employed deficiency. Hours Are: FULL OR PART-Period HOURS, OVER 6 DAYS, TO BE ARRANGED. Duties entangle all aspects of ladies and gents hairdressing, added tied up tasks. Must have appreciable above-mentioned common sense and qualifications, with the addition of effects bloke utilization skills.

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