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"Amount of income tax chargeable for this period"

15-10-2014 9:03pm

#1

The Quiff

Registered Users, Registered Users 2 Posts: 5 ✭

Join Date: September 2013

Posts: 4

Hello guys. So, I started as a "sole trader" in September 2013 and I'm currently filling out a Form 11S for the first time. One thing I'm unclear about is the "Amount of income tax chargeable for this period" line in the self-assessment panel. Is this the tax calculated on the year's income before reducing by the (in my case) single person's tax credit of 1,650 Euro. To be specific, my income was 5,173 Euro for 2013. Do I put 1,035 Euro (20% of 5,173) in this line? Thanks in advance for any reply.

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