Quote:
Originally Posted by johnep  I did this for many years. Open a business account with ,say, nationwide who will pay you interest rather than charge you as the big banks do.
I made a 'loss' for many years and was able to set this against paye.
On retirement just carried on and started making a profit.
johnep |
I am lost :-)
so the company will pay me as self-employed, I need to save around 25% in order to pay the taxes at the end of the year, better in a good bank account.
at this point the question is how to pay taxes... can I ask to my employer to add them to my PAYE or will I need to produce some documents at the end of the year?
I read on the HM website that under £2500 I probably don't need to produce a self assessment form but it is not very clear.
which procedure do you follow?
thanks
Marco