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By (user no longer on site) OP
over a year ago
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Run my own business and have started a new job to bring in extra money. Got pay check and put on br.
Anyone know how to change the code so don't pay load of tax
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By (user no longer on site)
over a year ago
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BR is basic rate. If you already run a business, is it as a sole trader or is it a limited company ? If as a sole trader, then you have to decide which way HMRC taxes you, in other words, on your business or on your new job. Either way, your personal allowance will only go to one of them. If you are a Limited company, then you need to "bill" your new job with an invoice including VAT, that way no tax at all will be deducted.
Either way, you will still pay tax on your earnings.....................unless you are Russian and worth Billions.....................are ya ?  |
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