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Tax on 30 000

Posted 15 December 2015

Johnny says:
14 December 2015 at 22:20

I am selfemployed sole trader. I need to know how much tax I will pay if I show a profit of say 30 000. Looking to get a mortgage soon so need to put my books in !!!!

TaxTim TaxTim says:
15 December 2015 at 15:27

If you are a sole proprietor, you would be taxed on your profits in your individual capacity according to the tax tables.

Please make use of Tax refund calculator to work out tax for the year on your business profits.
Remember to include all sources of income you earn.

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