Article Abstract:
Self-employed people benefit from better tax rules than the employed. Self-employed people can claim tax relief on more expenses, and pay lower rates of National Insurance contributions. Self-employed people can register for value added tax if their taxable supplies exceed 45,000 pounds sterling in a tax year. They must also pay business rates on premises.
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Article Abstract:
A guide to completing the self-employment pages of the UK 1999-2000 tax return, including notes on adjusting net profit or loss, capital allowances and subcontracting in the building industry.
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Article Abstract:
A guide to the personal taxation rules for UK individuals who are self-employed is presented, with focus on different types of tax payable and how to calculate your taxable profits.
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