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Old 06-14-2011, 02:33 PM
jingscrivenshelpmaboab's Avatar
jingscrivenshelpmaboab jingscrivenshelpmaboab is offline
Senior Member
Join Date: Jun 2009
Location: Scotland. Glasgow.
Posts: 178
Default Re: quick business lesson please :P ?

You dont need to pay tax if you earn less than 7475 per annum in TOTAL.
Being self employed, you will need to file a tax return before the end of the financial year. Also, if you have a part time job, that is included in your total earnings.
If you earn between 137-817 a week, you pay 12% National Insurance.
If you earn from 7475-35k a year, you will pay 20% income tax.

I think that about covers it.
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