How Much Tax do you Pay When Self Employed

If you become self employed you are responsible for calculating and paying your own income tax and national insurance contributions. You should keep full records so that you can backup any payments.

You should let the Inland Revenue know as soon as possible when you become self employed, doing this should avoid you receiving a fine.

How Much

The amount of tax that you have to pay when you are self employed is the same as the amount you would pay if you had a regular job. The tax rates are as follows:

Income Tax rates and taxable bands
2008-09 2009-10 2010-11
Starting rate for savings: 10%* £0-£2,320 £0-£2,440 £0-£2,440
Basic rate: 20% £0-£34,800 £0-£37,400 £0-£37,400
Higher rate: 40% Over £34,800 Over £37,400 £37,401-£150,000
Additional rate: 50% Not applicable Not applicable Over £150,000


  1. vinny says:

    How much tax and national insurance will I have 2 pay a year on 51,600 euros

  2. STEVE says:

    i worked abroad for a few weeks last year and received a P45,does that mean i was employed and do i need to fill out a tax return.

  3. goke says:

    how much tax do i pay on 18000GBP per annum as a self employed

  4. liz says:

    when I apply for self imployed status do the tax office require to see my bank balance and previous balance’s over the last 6months

  5. john says:

    how much tax is payable on 25000 euro earned as self employed

  6. John Okorie says:

    How do i pay my income tax as self employed person.

  7. John Okorie says:

    How do i pay my income tax as self employed person.

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