Moving back to UK as Self-Employed

[kevinpaul]

I'll be moving back to UK from Scandinavia in the not to distant future. I would like to continue being self-employed, can anyone please let me know how much I can earn before tax & VAT are applicable?
Thanks!

[jedimistress]

Personal Tax free allowance �5035
VAT threshold is �61,000

[kevinpaul]

Hi and thanks for your help in this matter.

You say that �61,000 is threshold for VAT,
is that total turnover?

I can sell my graphic services for a total of �50,000
each year without VAT?

What happens after �5,035, say a total of �15,000 is earned after all costs are deducted?

[ummmm]

61,000 is turnover.
To work out you tax you take off the allwance of �5035 from �15,000.
leaving you with �9,965.
Then you pay 10% tax on the next �2,090 ( i think!)= �209 tax.
Leaving you with �7,875
You then pay 22% on �7,875 = �1,732.5
Your tax bill will be app �1,732.5 + �209 (10%) = �1,941.5

[kevinpaul]

Thank you to all for being so helpful. Very much appreciated!

I'm sure my return to UK will be much easier knowing that there are lots of people out there that are willing to assist with helpful information.

Well done!