Quote:
Originally Posted by jcb
On payroll you actually get your taxable allowance which for most people is £5225 tax free, then your next £2230 charged at 10% and the following amount of £32370 at 22%, if your lucky enough to earn more than £34600 you get to the dizzy heights of 40% tax, but at least you pay less NI then. Oh and NI is chargeable after you start earning more than £5225 and thats another 11% off your wages.
Trust me the VAT office is worse than most for deciding what you can and can't do, I have to deal with them nearly every day of the year and most of the time it just depends on how good or bad a day the person is having as to what the answer is.
Easiest way is not to worry about the charges, it will be cheaper than the UK whether you get caught or not.
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Or you could Create a ltd company in which you pay just over £100 a week as a directors fee in which your NI and tax @22% comes out of and the rest is all taxable at 20% (corporation tax) minus expenses
Saves me a fortune!!