e.g avon rep
2007-08-05 23:29:57 · 10 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
Hi!
I think it's about £100 per week.
But if you go on one of the Inland Revenue websites you should get some more info there.
Hope this helps!!
2007-08-05 23:32:33 · answer #1 · answered by Moofie's Mom 6 · 1⤊ 2⤋
Many of the answers are incorrect. these are the facts:
1. If you are self employed you must register at the tax office within 3 months of commencement. £100 fine if you don't !
2. If you are an employee the responsibility rests with your employer. if no p45 complete a p46
3. You are legally required to ensure all income is declared.
2007-08-07 09:47:08 · answer #2 · answered by polumbo 3 · 1⤊ 0⤋
Some of the answerers on here are dangerous!
If you have earnings other than your self employed earnings, then you have to declare all the self employed earnings.
If the self employment is your only source of income, then you declare as soon as it looks as if you are going to reach £5225 in this tax year (ie 6 April 2007 to 5 April 2008).
Don't forget its your profits you declare - gross income less expenses.
2007-08-06 00:00:42 · answer #3 · answered by fengirl2 7 · 1⤊ 1⤋
i don't think there's a line for each interest, that's only based in the entire income. For federal returns you do not could desire to document while you're making below $9,600 (your uncomplicated own credit that all of us gets), for provincial that's around $8,500 i think of. that's terrific to continually document simply by fact: a million. you're able to be able to owe once you think of you do not, and get nailed later down the line. 2. you are not getting your GST cheque until you document each and each 3 hundred and sixty 5 days. Thats in all probability $3 hundred you will have basically for doing all your taxes. 3. in case you made below $10,000 you will maximum in all probability get a return.
2016-11-11 08:42:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
legally as an employer you can pay someone up to £300 a year as "cash in hand" before you need to notify tax office. legally as an individual you are supposed to inform tax of ALL earnings, but they usually dont worry if it is under £300 per year.
2007-08-06 02:26:23 · answer #5 · answered by alatoruk 5 · 1⤊ 1⤋
In the UK - if you are employed then £100,000 of salary, £10,000 of interest or £8,800 in capital gains. Also in some other cases and always if you are self-employed - look at the link
Moofies Mum is thinking of the limit before you have to pay tax rather than annual returns of income
2007-08-05 23:34:42 · answer #6 · answered by morwood_leyland 5 · 0⤊ 3⤋
It's probably wise to declare them whatever the level. That way you're legal.
2007-08-05 23:52:55 · answer #7 · answered by nontarzaniccaulkhead 6 · 1⤊ 1⤋
$o.o1 legally
2007-08-05 23:50:45 · answer #8 · answered by Anonymous · 1⤊ 1⤋
Hi, its £5,250.
2007-08-05 23:36:23 · answer #9 · answered by Ollie 7 · 0⤊ 2⤋
UK or USA?
2007-08-05 23:32:12 · answer #10 · answered by Bbobs 4 · 0⤊ 2⤋