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Subject:
Taxes in UK
Category: Business and Money > Small Businesses Asked by: nickgreeninoz-ga List Price: $2.00 |
Posted:
07 Jun 2004 21:56 PDT
Expires: 07 Jul 2004 21:56 PDT Question ID: 357977 |
I sell a great deal of items in Ebay UK. I also sell a little memorabilia outside of ebay. I am still a student.When do I start needed to pay income taxes to the UK government? I profits reach approxiamtely 4 or 5 thousand pounds per year. |
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There is no answer at this time. |
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Subject:
Re: Taxes in UK
From: pwfisher-ga on 07 Jun 2004 22:05 PDT |
Look here first: Inland Revenue: Rates and Allowances - Income Tax http://www.inlandrevenue.gov.uk/rates/it.htm Basically, deduct £4,700 from your income as your personal allowance. Beyond that, you would need to pay tax at the rates shown. You should work it out yourself from here, as you know the details of your situation. |
Subject:
Re: Taxes in UK
From: leli-ga on 08 Jun 2004 03:32 PDT |
Hi nickgreeninoz-ga If you're in Australia, you won't need to pay taxes in both countries. Try searching with "double taxation Australia" on the Inland Revenue website. http://www.inlandrevenue.gov.uk/home.htm Leli |
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