Quizzes & Puzzles1 min ago
PAYE employee and sole trader
2 Answers
Hello, been making some money buying and selling as a sideline to my job. Because of this i decided to start up as a sole trader, but really know nothing about tax and vat. My question here is if i go over the �37k mark (combined wages and profits from company), do i pay 40 % tax on any amount above this or do i then end up paying 40% on the whole 37k.
Thanks in advance
Thanks in advance
Answers
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