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Original poster

How much tax do I owe on £33k earnings?

11 replies

knakered · 30/01/2007 09:39

How much should my tax bill be on £33K earnings 05/06

OP posts:
Cappuccino · 30/01/2007 09:47

?? no idea

are you self assessed?

Plibble · 30/01/2007 09:54

This might help you to get an idea.

Original poster
knakered · 30/01/2007 10:12

I am self employed and assessed...33k is after expenses

OP posts:
Original poster
knakered · 30/01/2007 10:12

I am self employed and assessed...33k is after expenses

OP posts:
popsycal · 30/01/2007 10:13

roughly a bit less than 1/5 of it....

popsycal · 30/01/2007 10:14

somewhere between £6000-7000 i think

Cappuccino · 30/01/2007 10:16

is it that you're filling in your tax return? don't they give you a formula to calculate it with?

I find [smug emoticon] that doing it online before September works cos the online system works it all out for you

popsycal · 30/01/2007 10:18

i did my online a few weeks ago and it calculaed it for me...
too late to register in time now though

tallulah · 30/01/2007 18:42

knakered £5932.30 for tax plus £2230.80 class 4 National Insurance.

CountessDracula · 30/01/2007 18:43

oh I never calculate
I just send it in and they do it

RoundTheBend · 30/01/2007 18:47

And don't forget that they will want that amount AND half that again tomorrow as well, as payment on account and then another half in July 07. So, looks like you will have to pay them around £12.5k.

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