Tommygunn Posted December 7, 2020 Report Share Posted December 7, 2020 I've tried and failed to find an online calculator for income tax and National Insurance payments and at what point it is deducted when there are two people involved, 50/50. I have a found, for example, the following calculator when self employed/sole trader but I'm not sure if I can use it to calculate a 50/50 partner split. https://www.employedandselfemployed.co.uk/self-employed-tax-calculator If I have the following numbers, could I use the above calculator if I either split the income and outgoings before calculating or input the totals and split it in two after calculating? Annual income: £147,000.00p Annual Outgoings: £30,155.00p Are there any other shenanigans when there is a Partnership as opposed to a sole trader setup? Cheers, Tom. Link to post Share on other sites
Recommended Posts
Archived
This topic is now archived and is closed to further replies.