03-08-2015, 07:55 PM
(03-08-2015, 07:32 PM)C2K Wrote: Single man doesn't pay tax til 10,600 now.
Example You have £35,000 of taxable income and you get the standard Personal Allowance of £10,600. You pay basic rate tax at 20% on £24,400 (£35,000 minus £10,600).
This
Plus being self employed, there are many ways to legally avoid tax payments, mostly using your income to re invest in your business, claiming tax on fuel to drive to customers houses, car maintenance etc.
Team Eaton
1999 China Blue 306 GTi6 - Eaton Supercharged - 214.5bhp 181lbft
1999 China Blue 306 GTi6 - Eaton Supercharged - 214.5bhp 181lbft