2007-03-17 07:43:40 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
its 61000 of taxable sales/supplies/services within 12 months or less.
you can also voluntarily register even though you dont meet the threshold
the link belows give you more info.
payroll and accounts student
2007-03-17 12:37:09 · answer #1 · answered by babyonlyne 3 · 1⤊ 0⤋
If you are not married, under 65 with no student loan then you should earn anything below 4,745.00 pounds to get tax-free allownes but you will have to pay N.I 1.43 punds a year (0.03 pence weekly). check the website if uoi want more information.
http://www.i-resign.com/uk/financialcentre/tax_calculator.asp
2007-03-17 17:18:29 · answer #2 · answered by monzavim 2 · 0⤊ 0⤋
The threshold is actually £61,000, but watch the Budget on Wednesday, it may go up.
2007-03-17 08:33:53 · answer #3 · answered by fengirl2 7 · 1⤊ 0⤋
If your business turns over more than £50,000 a year then you have to register for VAT
2007-03-17 07:52:05 · answer #4 · answered by Smarty 6 · 0⤊ 1⤋