Thursday, 12 June 2014

Hidden Tax

It always annoys me that our UK government does not come clean about the hidden taxes we all have to pay.  If you are self employed then you pay Class 2 National Insurance of £2.80 per week and at the end of the year you complete a self assessment tax return.  Tax is 20% on profits of over £10,000 but who remembers the Class 4 National Insurance of 9% on profits over £7,755 - hidden tax!!

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