I have earned some money (less than 5k) in 2019 for consultancy work. In 2020, I will earn just above 5k. This is above and beyond my PAYE income.
I have logged into ROS to file my tax returns for 2019 and have some basic questions:
1. How do I calculate the % of tax I should pay?
2. Do I have an option of paying revenue by bank transfer of money, or by reducing tax credits?
3. Is there a benefit to either of the two options above?
4. The work is consultancy work - what is the best category to use to describe this on the ROS system?
Thanks in advance -
I have logged into ROS to file my tax returns for 2019 and have some basic questions:
1. How do I calculate the % of tax I should pay?
2. Do I have an option of paying revenue by bank transfer of money, or by reducing tax credits?
3. Is there a benefit to either of the two options above?
4. The work is consultancy work - what is the best category to use to describe this on the ROS system?
Thanks in advance -