Income tax collection scheme used by HMRC for subcontractors in construction. If you are a self-employed construction worker, you’re eligible.
This scheme means you’ll have 20% tax deducted from your salary rather than 30% which the contractor would usually deduct. If your earnings total to more than £50,270/year, you’ll have to claim overpayment at the end of the tax year via a tax return.
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Here’s how Earnr helps Etsy sellers organise their income and pay themselves a regular salary
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As part of our interest in supporting Etsy sellers, we’ve been doing some digging into the current state of the Etsy world as lockdown becomes more and more a thing of the past.
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