I’m currently filling in my Self Assessment tax return, and was surprised at the calculation at the end.
I’m a freelance writer and have made £1,960 in the 2012-2013 tax year.
I have total allowable expenses of £210, creating a net profit of £1,750.
At the end, the calculation has said that I owe approximately £350.
Is this about normal? Just surprised at the figure, as this is just a side gig away from my main job where I pay PAYE tax etc, and considering I have earned relatively little in the grand scheme, I was expecting the calculation to be a lot less.