HMRC launch self-employed tax calculator
HMRC acknowledges that tax can be complicated when people first become self-employed. In an effort to help people calculate and budget for future tax bills it has launched a ready reckoner tool.
The reckoner shows roughly how much you might need to meet your Income Tax and Class 4 National Insurance bill with caveats.
You can find the reckoner at HMRC’s website.
Date: 4th May, 2012
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