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Yeah, by all accounts reading online indicates a 45% tax rate for a sole-trader[1]. I'll have to enquire with the few mates there -- don't see a reason as to w
by dsaron 8y ago
Yeah, by all accounts reading online indicates a 45% tax rate for a sole-trader[1].
I'll have to enquire with the few mates there -- don't see a reason as to why they'd bullshit me. Frankly I have nfi however, apologies for the cop-out of an answer.
1: https://www.highspeedtraining.co.uk/hub/sole-trader-tax/ https://www.highspeedtraining.co.uk/hub/sole-trader-tax/
- Nursie 8y ago> I'll have to enquire with the few mates there Sole traders are different to one-person Ltd companies. As a one-person Ltd, you used to get a lot of tax breaks, but over the last 5-6 years they seem to have been steadily eroded. Anyone paying a rate as low as 13% now is probably using a borderline-legal grey-area scheme, which is dangerous because HMRC not only hit those folks up for back taxes when they find them, but put fines on top too.