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Self-employment tax is 30% of profit
Comments
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Thanks, so I could pay £600 now and then the other £300-ish any other time? (provided its before the Jan 2023 deadline)Dazed_and_C0nfused said:
I don't believe interest is payable in that situation as the payment isn't strictly needed.[Deleted User] said:You can and receive a tiny amount of interest but it’s not due at all until 31January 2023.
If it had been allocated against a charge with an earlier due date and then moved to the 2021:22 Balancing Payment then interest would be paid.0 -
Absolutely.user19860331 said:
Thanks, so I could pay £600 now and then the other £300-ish any other time? (provided its before the Jan 2023 deadline)Dazed_and_C0nfused said:
I don't believe interest is payable in that situation as the payment isn't strictly needed.[Deleted User] said:You can and receive a tiny amount of interest but it’s not due at all until 31January 2023.
If it had been allocated against a charge with an earlier due date and then moved to the 2021:22 Balancing Payment then interest would be paid.1 -
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