alice barker

thank you - so just to clarify, i can pay myself £800 plus £100 that month?

Hi there, I am self employed and sometimes charge a client for expenses (like stamps etc). If i charged the client £1000 per month for work and £100 for stamps I had bought how do I calculate how much tax I need to keep back? eg, do I keep 20% of £1000 for tax and keep £800 plus £100 for myself to spend?