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Business registration
jphincome
Posts: 2 Newbie
in Cutting tax
Hello ive had a business account on ebay since 04-Feb-2011 and in this time i have only earned £8,490 not profit, and ive decided to register my business as i would like to work from home full time, would i be liable to pay any tax over this 4 year period please regards John
0
Comments
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If your total income (from whatever source) in any tax year exceeds the standard personal allowance, then you pay tax on the excess amount.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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Whats the allowance or is it different for everyone ?0
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Whats the allowance or is it different for everyone ?
Everyone has a personal allowance £10,600 unless you are very old in which case you get a bit more.
There are other allowances ie for pension contributions and there are reductions to your allowances if you have a benefit in kind ie a company car.The only thing that is constant is change.0
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