Donate SIGN UP
Home > Business & Finance > PAYE employee and sole trader

PAYE employee and sole trader

Avatar Image
mckeever | 19:27 Wed 24th Jan 2007 | Business & Finance
2 Answers
Hello, been making some money buying and selling as a sideline to my job. Because of this i decided to start up as a sole trader, but really know nothing about tax and vat. My question here is if i go over the �37k mark (combined wages and profits from company), do i pay 40 % tax on any amount above this or do i then end up paying 40% on the whole 37k.

Thanks in advance
prev sole trader plus vat
  
next Tax rebate
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by mckeever. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image Oneeyedvic
40% on over �37k
21:13 Wed 24th Jan 2007
Avatar Image issie
The Inland Revenue's website has lots of helpful information which it might be worthwhile reading.
16:19 Thu 25th Jan 2007

1 to 2 of 2rss feed

Do you know the answer?

PAYE employee and sole trader

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.