col20583
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Class 4 NIC's and personal allowance
col20583 replied to col20583's topic in Self Employment Issues and Questions
Hi, it's going ok, thanks. I'm a courier so not too much admin it's just the self assessment part I'm finding complicated as I don't have a head for numbers. -
Class 4 NIC's and personal allowance
col20583 replied to col20583's topic in Self Employment Issues and Questions
Yeah that sounds right. Yep going to start the return online soon, thanks again -
Class 4 NIC's and personal allowance
col20583 replied to col20583's topic in Self Employment Issues and Questions
Ok, many thanks for your time -
Class 4 NIC's and personal allowance
col20583 replied to col20583's topic in Self Employment Issues and Questions
Thanks for the reply! Just to be sure... Gross income £30,000 Expenses £5,000 Personal allowance £10,600 Class 4 (@ 9% over £8,000) - £6,400? Thanks -
Class 4 NIC's and personal allowance
col20583 posted a topic in Self Employment Issues and Questions
Hi, Sorry for the basic question but I'm struggling to find an answer. As a sole trader, do I pay class 4 NIC's on my personal tax allowance or do i deduct my expenses AND personal allowance from my gross profit and then pay class 4 on what remains? Thanks
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