Taxes

:confused: Desperately trying to get figures together to see if it’s worth going self employed, got insurance figure, road tax figures approx fuel figures and wages. Can anyone out there tell me how to work out tax figures, eg What % of your year end profit goes in tax. :question:

Hi Raymow,

What are intending to trade as??

A sole trader
A partnership
or a limited company

Try this thread from the old board it might be of some help.

trucknetuk.com/bbsuk/Forum6/HTML/000319.html

cheers
STEVE

I think we must be getting this wrong - you make a profit at the end of the year :open_mouth:

ATKIG11:
Hi Raymow,

What are intending to trade as??

A sole trader
A partnership
or a limited company

Try this thread from the old board it might be of some help.

trucknetuk.com/bbsuk/Forum6/HTML/000319.html

cheers
STEVE

would be trading as a sole trader.

Owner Drivers:
I think we must be getting this wrong - you make a profit at the end of the year :open_mouth:

dont know yet, still in the enquiry stage. :confused:

Make a profit and tax/NI office will want 30-35%. Make sure you claim ALL your allowances, they can save you loads!

Martin.