[dan paton]

got a question for any of you guys who've got a full time job and run a part time cc business. the current earnings at which you start paying 40% tax is £34371. may sound stupid here but does this apply for your business and job combined . if it does do you only pay the higher tax over that amount or on all your earnings combined for the year. or is there any way round it. cheers

[PaulKing]

Combined earnings from both
  And yes only pay 40% on the amount above the 34371

[dan paton]

cheers paul

[PaulKing]

No problem, you'll also have to fill in a self assessment, and its probably wise to get a tax advisor to do that as there are all sorts of costs you'll be liable to claim against earning.