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Richard 01903

  • Posts: 449
TAX Help
« 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  :-[
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Crystal-clear

  • Posts: 3029
Re: TAX Help
« Reply #1 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
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Crystal-clear

  • Posts: 3029
Re: TAX Help
« Reply #2 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
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Richard 01903

  • Posts: 449
Re: TAX Help
« Reply #3 on: October 22, 2012, 08:03:09 pm »
19,000 gross
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Crystal-clear

  • Posts: 3029
Re: TAX Help
« Reply #4 on: October 22, 2012, 08:09:47 pm »
how much expenses have you had?
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Richard 01903

  • Posts: 449
Re: TAX Help
« Reply #5 on: October 22, 2012, 08:36:10 pm »
about 6,000 exs
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wightsurf

  • Posts: 1774
Re: TAX Help
« Reply #6 on: October 22, 2012, 09:22:39 pm »
Gross 19,000

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

25% =1381 to pay ( i think  ;D)
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zodiac

Re: TAX Help
« Reply #7 on: October 22, 2012, 10:08:45 pm »
£1464.55
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SunShineCleaning

Re: TAX Help
« Reply #8 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)
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