Self-Employed - Paying Tax?

[PaulMacC]

What are the tax bands in the UK? How much do I have to pay if I go over a certain amount. I earn about £13,000 - £20,000 a year right now, self-employed. How much tax do I pay and how do I pay the tax?

[GommeInc]

http://www.hmrc.gov.uk/incometax/basics.htm

That seems to cover the basics and how you pay for it. I assume Northern Ireland is the same as the rest of the UK for tax etc.

[Vinnie:Safety]

What are you doing, as self employed?

[PaulMacC]

What are you doing, as self employed?

playing games and posting vids on youtube

---------- Post added 30-05-2011 at 01:13 AM ----------

If I declare myself as self-employed. All my uni loan/grants will be messed up tho, wont they?

[Vinnie:Safety]

Damn, Nice.

[Misawa]

If you were earning £20,000 per year your net income - after tax - would be about £15,000. Contact HM Revenue & Customs.

[Fez]

Don't mean to sound like a **** but, Paul, you earn more than my mother (at your lowest guess) who works full-time.

[PaulMacC]

My pay rate is fluctuating. I get paid per views. So I don't have a flat pay rate.

[Richie]

Subbed to be sound, best of luck with your career as a professional gamer if that's what you want to do (lethal). I haven't a clue about taxes in the uk though, so my post is pretty much irrelevant.

[redtom]

Self Employment makes it extremely easy to get around taxes as you don't know how much your earning, plus you have to tell them things which are generally pretty hard for the to check. I would say wait until your out of uni because it will mess up your grants and some types of loans, although why you need them when your bring in at least 15k a year I don't know. I know this isn't perfectly 'legal' but I doubt the tax man is going to be checking up on uni students who generally over pay taxes.

If your really for paying your taxes then the easiest thing would be to ring them up and they'll happily tell you how to work out what extreme about of money you need to hand over.