Hi
Another newbie question for you all.
I am currently using Parasol as my umbrella company and am wondering where I stand regards self assessment tax returns.
As ever, thanks in advance for your thoughts
Another newbie question for you all.
I am currently using Parasol as my umbrella company and am wondering where I stand regards self assessment tax returns.
- As im being paid through PAYE by Parasol do I need to complete a tax return ?
- Do the Inland Revenue contact you to inform you that you need to complete one or do you "just know" yourself ?
- Regards the 40% tax rate. HMRC state that higher rate rax is applicable on earnings over £36k. If im working to a daily rate how do I know if im earning over this amount (surely its not as simple as daily rate * 5 day week * 52 weeks in year ?)
As ever, thanks in advance for your thoughts
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