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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Richard 01903 on October 22, 2012, 07:42:28 pm

Title: TAX Help
Post by: Richard 01903 on October 22, 2012, 07:42:28 pm

Hi can anyone give me a clue as to wot tax I could expect to pay on say 19,000 and when it needs to be paid by ? And am I wright in thinking will need to start paying 6mths in advace  :-[

Title: Re: TAX Help
Post by: Crystal-clear on October 22, 2012, 07:55:28 pm

hi if thats 19k to be taxed on? ie after your allowence expensis etc
about 5k for the year

Title: Re: TAX Help
Post by: Crystal-clear on October 22, 2012, 07:56:11 pm

thats taxable i mean so i have taken away your allowence and expensis if thats your total profit including your allowence of £7475 then about 3k

Title: Re: TAX Help
Post by: Richard 01903 on October 22, 2012, 08:03:09 pm

19,000 gross

Title: Re: TAX Help
Post by: Crystal-clear on October 22, 2012, 08:09:47 pm

how much expenses have you had?

Title: Re: TAX Help
Post by: Richard 01903 on October 22, 2012, 08:36:10 pm

about 6,000 exs

Title: Re: TAX Help
Post by: wightsurf on October 22, 2012, 09:22:39 pm

Gross 19,000

-6,000 = 13,000
-7475 = 5525

25% =1381 to pay ( i think  ;D)

Title: Re: TAX Help
Post by: zodiac on October 22, 2012, 10:08:45 pm

£1464.55

Title: Re: TAX Help
Post by: SunShineCleaning on October 22, 2012, 10:15:39 pm

http://www.uktaxcalculators.co.uk/

Use this above

Bear in mind that if this is for year end 2012 then you will need to pay some in January and some in July £720 each with balancing payment

£1440 in January if this is your first payment. (this covers April 2011-March 2012)

If it is then the below is also needed to be paid

Another half if this is your first year  'on account' (which covers April 2012 - Sept 2012) Then the other half in July (this is the other half 'on account Oct 2012- March 2013)