Old 03-11-2005, 09:03   #21 (permalink)
briljant oranje
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what about paying national insurance ?
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Old 03-11-2005, 10:28   #22 (permalink)
Whitingx
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There's some useful information on the Business Link Website
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Old 03-11-2005, 11:24   #23 (permalink)
Luke Redpath
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Quote:
Originally Posted by briljant oranje
what about paying national insurance ?

If you are self-employed, you will pay Class 2 national insurance contributions on a quarterly basis. Its currently £27.30 a quarter. You will receive a bill from Inland Revenue in the post each quarter. You can probably pay monthly by direct debit too.

If you earn over a certain amount (can't remember it off the top of my head), then you also have to pay Class 4 NI contributions. These will be calculated as part of your self-assesment.
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Old 03-11-2005, 11:46   #24 (permalink)
d*d
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http://www.direct.gov.uk/MoneyTaxAnd...472&chk=iIHw8P

Quote:
D0 - is used when all your income is taxed at the higher rate of tax - currently 40 per cent (most commonly used for a second job)
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