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| Thread title: Who actually pays tax? |
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02-02-2005, 12:20 PM
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#1
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Status: The BidMaster
Join date: Nov 2004
Location: England
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 Who actually pays tax?
In the uk you can make upto £91/week without paying tax on it. Now i'm sure there are alot of freelancers/webhosts and other internet businesses that are generating more than £4745/year. I'm going to be declaring tax on my income pretty soon as it's got to that point with me, so who pays tax?
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02-02-2005, 12:48 PM
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#2
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Status: Sin Binner
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I dont but I have to soon 
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02-02-2005, 02:42 PM
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#3
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i dont, i dont intend too either 
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02-02-2005, 02:49 PM
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#4
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At the moment, I dont. When/If my income becomes high enough however, I will.
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02-02-2005, 06:30 PM
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#5
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Well if you are registered officially you need to send in a tax return whatever..
Well that is what my accountant has told me.
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02-02-2005, 06:34 PM
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#6
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Yes you do each year, I haven't done it for 2months so I will probobly get in trouble for that 
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02-02-2005, 06:36 PM
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#7
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WDT you dont have to pay tax at 16 do you? 
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02-02-2005, 06:48 PM
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#8
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Yes I think so because the business is registered to me and all businesses have to pay tax?
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02-02-2005, 06:49 PM
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#9
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well im not sure about if its a registered business but im pretty sure 16 year olds dont pay tax, infact im almost 100% sure you dont pay tax untill your 18 (or if you do its a VERY minor amount)
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02-02-2005, 07:02 PM
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#10
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Status: The man with the plan
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@ Bazza,
I don't think you even need to pay if your in full time education.
I have people in college who have part time jobs, and they claim their taxes back after each payslip.
Regards
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