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setting up as a sole trader BUT..

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brightandbeautiful
brightandbeautiful Posts: 1 Newbie
edited 18 December 2016 at 7:27PM in Boost your income
I run (someone else's) business in a limited company and all my income is a monthly share of dividend. It is quite a small amount and I am looking to register another business as a sole trader to make ends meet. Does anyone know what the HMRC rules are on this kind of situation as I'm worried that the tax will wipe all my income?
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