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Help with tax please


Carl1991
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On 20/08/2019 at 12:44, openspaceman said:

 I'll wait to see what accountants like @Inoff the Red say but  you are confusing your gross turnover with profit (aka income) and that £6k is right for a profit of £31k.

 

Your profit was £18k and you have capital allowance on the truck to deduct from that, I'd say the real figure would be nearer £1400 tax

 

Have you paid your National Insurance? Don't miss it.

Just got back from a few days away and i have only just seen the notification of this thread.

I will have a read and submit a more considered response later 

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