Barrister's tax Archives | Taxfile https://www.taxfile.co.uk/category/barristers-tax/ Tax advice & accounting services for South London businesses & SMEs Sun, 31 Oct 2021 20:54:10 +0000 en-GB hourly 1 Changes to Minimum Wage from 1st October https://www.taxfile.co.uk/2009/10/changes-to-minimum-wage-from-october-the-1st/ Sat, 10 Oct 2009 10:57:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/?p=44 As explained in a previous blog post, Minimum Wage is defined as the lowest wage payable to most employees as fixed by law or union agreement. As from 01/10/09 new rates came in place: •£5.80 – as the main rate for workers aged 22 and over; •£4.83 – the 18-21 rate; •£3.57 – the 16-17 […]

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]]> Taxfile: Barristers and Tax https://www.taxfile.co.uk/2009/09/taxfilebarristers-and-tax/ Sat, 19 Sep 2009 10:49:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/?p=42 As a barrister you are treated as self employed by HM Revenue and Customs. Historically barristers computed their professional profits for tax purposes on a “cash basis.” Fees were brought into account only when received, and expenses only when paid. From fiscal year 1999/00, it is required that all professionals including most barristers to compute […]

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