Not All The Money You Get Paid Is Yours - Deepstash
Not All The Money You Get Paid Is Yours

Not All The Money You Get Paid Is Yours

You must register yourself as self employed with the government, so this also means you become responsible for paying your own tax.

There’s a catch! Once your annual tax bill is over £1,000 you are required to make payments on account. This involves paying half of the following year’s estimated tax upfront.

Payments on account are due twice a year, so that first tax bill can come as a nasty surprise - if you’re not prepared for it.

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