You are reading a single comment by @snottyotter and its replies. Click here to read the full conversation.
  • if you owe £1000 in tax your bill will actually be £1500 as hmrc get you to pay 50% in advance for next year

    It's not technically in advance, since your January 2019 payment on account is tax on work done since April 2018.
    Also if your outstanding tax for self employment is as little as that and you have an employment too, you can choose to have it taken over the year with your PAYE tax by having your code adjusted.

  • Also if your outstanding tax for self employment is as little as that and you have an employment too, you can choose to have it taken over the year with your PAYE tax by having your code adjusted.

    This is good to know, my actual earnings are just over that amount at the moment, let alone the tax owed.

    Already aware that my allowance will be already spent on regular PAYE stuff.

About

Avatar for snottyotter @snottyotter started