NI and Tax question

[computerguru]

Guys, quick hypothetical question.

From April 2014 to December 2014, a person has not earned anything. From Jan 2014 to April 2015, (s)he has earned 9,000. Is there any tax and NI due on this amount for year 2014-2015.


advance apologizes to those who are going to write "Ask your accountant"

[Batcher]

Guys, quick hypothetical question.

From April 2014 to December 2014, a person has not earned anything. From Jan 2014 to April 2015, (s)he has earned 9,000. Is there any tax and NI due on this amount for year 2014-2015.


advance apologizes to those who are going to write "Ask your accountant"

I would say no as the tax threshold is £10,000 before you start paying tax.

I'm not an acoountant though

[Alan @ BroomeAffinity]

NI is calculated weekly/monthly so there will be NI on the payments. If you're a director its calculated annually though so the first £7956 won't have NIC. The balance will. Employees' contributions only though as you'll have £2,000 employer allowance with which to wipe out the emp'ers NIC.

[Scruff]

If you earned the £9K in one month, there would be NI and PAYE payable, so this really depends on what you have declared in your RTI?

If you haven't been using RTI, then I would suggest you hurriedly engage the service of one of the Professional Accountants who post here, as opposed to asking "us" Radiator Bleeders / Gladiators?

[northernladuk]

If you earned the £9K in one month, there would be NI and PAYE payable, so this really depends on what you have declared in your RTI?

If you haven't been using RTI, then I would suggest you hurriedly engage the service of one of the Professional Accountants who post here, as opposed to asking "us" Radiator Bleeders / Gladiators?

Erm, can I just point I only like gladiators...

[Jessica@WhiteFieldTax]

Accountants can bleed radiators too. Suck at being a gladiator.

[tractor]

...

Accountants can bleed radiators too. Suck at being a gladiator.

Bleeding gladiators is more fun though, ask Russell Crowe.....

[LisaContractorUmbrella]

Accountants can bleed radiators too. Suck at being a gladiator.

Now I don't know how to bleed a radiator but I quite fancy having a go at being a gladiator - just discuss tax legislation with your opponent before the off and he'd be so dazed and confused you'd have no problem winning.