Do I still have to pay national insurance and tax?

redpete

flashg67 wrote: »

Usual way is for employed people is pay as you earn,(PAYE) so NI & tax will be deducted at 1/12 of the annual amount due, presuming you're paid monthly, as it assumes you'll earn the same every month. If you end up earning less or more, you'll pay more, or be refunded as required.

NI is not dealt with like this.

01afraser4

csgohan4 wrote: »

I disagree, tax is one of those things that ignorance is not an excuse.


You should have a general or basic grasp of how your salary is calculated. How do you know if your getting a raw deal?


Knowing what you can and can't claim for work is important and every little helps.




Failing asking on an internet forum full of strangers, get paid tax advice from an accountant which is tax deductible

You disagree that people have difficulties with it? I didn't offer ignorance as an excuse, I merely pointed out that many people do not have a good understanding of it.

Yes, people should have a basic grasp of it, but again, the fact is many don't. I just felt a condescending comment about someone's knowledge of tax compared to their level of salary wasn't needed.

chrisbur

csgohan4 wrote: »

Failing asking on an internet forum full of strangers, get paid tax advice from an accountant which is tax deductible

It is my understanding that the cost of an accountant is not tax deductible for the majority of people who pay tax under PAYE. Can you link to anything that says it is?

csgohan4

01afraser4 wrote: »

You disagree that people have difficulties with it? I didn't offer ignorance as an excuse, I merely pointed out that many people do not have a good understanding of it.

Yes, people should have a basic grasp of it, but again, the fact is many don't. I just felt a condescending comment about someone's knowledge of tax compared to their level of salary wasn't needed.

Knowledge of tax and salary shouldn't matter I would agree but I would agree basic level of tax is helpful such as income tax thresholds and how much roughly NI tax or pension contributions.

Not forgetting P87 and claiming back on expenses for work on paye

chrisbur wrote: »

It is my understanding that the cost of an accountant is not tax deductible for the majority of people who pay tax under PAYE. Can you link to anything that says it is?

Paye under a limited company, or self employed is deductible. However for most perhaps this would not be applicable if employed


However if someone is unsure about their tax and a bunch of internet strangers can't help specifically, short of getting hold of their p60, the next step is an accountant, deductible or not