NI and Tax question

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LisaContractorUmbrella replied

15 December 2014, 08:22
Originally posted by Jessica@WhiteFieldTax View Post

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.
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tractor replied

12 December 2014, 19:12
...

Originally posted by Jessica@WhiteFieldTax View Post

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

Bleeding gladiators is more fun though, ask Russell Crowe.....
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Jessica@WhiteFieldTax replied

12 December 2014, 18:30
Accountants can bleed radiators too. Suck at being a gladiator.
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northernladuk replied

12 December 2014, 17:06
Originally posted by Scruff View Post

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...
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Scruff replied

12 December 2014, 16:58
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?
Leave a comment:
Alan @ BroomeAffinity replied

12 December 2014, 16:33
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.
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Batcher replied

12 December 2014, 16:24
Originally posted by computerguru View Post

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
Leave a comment:
computerguru started a topic NI and Tax question

12 December 2014, 16:21
NI and Tax question

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"
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