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Where Taxpayers and Advisers Meet

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by Rmfm1
Tue Jul 30, 2019 12:51 am
Forum: Income Tax
Topic: Sole trader
Replies: 5
Views: 4948

Re: Sole trader

To clear this up. I no longer sub contract so am not being deducted cis anymore. I'm solely responsible for my own tax. I am NOT vat registered and don't need to be as I don't hit the threshold. I am enquiring sole on self employment income tax. I'm aware its 20% and I have to declare as class 4 adj...
by Rmfm1
Sun Jul 28, 2019 9:09 am
Forum: Income Tax
Topic: Sole trader
Replies: 5
Views: 4948

Sole trader

Hi I've always subcontracted so have been pre taxed by cis. I've now set up my self and am responsible for my own tax. I'm not vat registered and am classed as a sole trader. So far I've turned of approximately £15000 with expenditure of approximately £9500 giving a profit of approximately £5500. As...

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