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Sole Trader Tax

Son · 2009-03-20 21:59:06

Hi How is a sole trader taxed? what is the standard rate cut off?....20k? So if my total income is below the standard cut off point im taxed at 20% on the total? If above its taxed at 41%? :confused:

20-03-2009 9:59pm

#1

Son

Registered Users, Registered Users 2 Posts: 289 ✭✭

Join Date: July 2008

Posts: 234

Hi

How is a sole trader taxed?
what is the standard rate cut off?....20k?

So if my total income is below the standard cut off point im taxed at 20% on the total?
If above its taxed at 41%?

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Comments

#2 22-03-2009 9:06am

swanvill

Registered Users, Registered Users 2 Posts: 276 ✭✭

Join Date: December 2008

Posts: 217

Hi,
The standard rate band is 36,400 in general for single people (but will vary according to individual's circumstances) but the best and easiest way to find out is look at your Tax credit certificate or ring the Revenue and quote your PPS number.

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#3 22-03-2009 8:19pm

Son

Registered Users, Registered Users 2 Posts: 289 ✭✭

Join Date: July 2008

Posts: 234

Thanks i will do,don't know where i got 20k from

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