Hi I need some advice?
I'm full time employed but I run a small business on the side and have just submitted my tax return for 15/16.
My net profit was £2196.00 but my tax payment due by 31st is £767.40
This seems way to high, I thought I don't pay any tax up to £11,000?
Can you please advise if this is correct and what I need to do if its not?
Thanks
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