after reading the post about 'would i be in order?' i havejust remembered something.
There's a boy at my school who has his own business and claims that he has earnt a couple of thousand pounds since he started it up last autumn.
When i said 'yeah but you have to pay taxes' he said 'i don't need to.' he said that it was because it is a private company and he is the sole owner of it but i would think that it is because he is under 16.
He is 15, is this correct that he doesn't have to pay tax?
I just realised that i may have used evasion incorrectly.
Did i use evasion as in going into another country and taking over or are they spelt the same?
I'm not an adult and i only have a paperround so i earn about �20 a week. (give or take a bit because i usual have to deliver leaflets aswell which i get extra for)
should i ask him 'whats the most you earn in a week?'
if he replies 'sometimes i can get over �100 i'll tell him that he'll have to pay taxes.'
plus he's been nominated for some young person of the year/ ispriation/ work stuff so if i tell them that he runs a sucessful business but pays no tax and should be fully aware of the laws they won't ammused.
i'm not jealous of his earnings because he told me that he does it all through buying old dirty ink cartridges and cleans them then sells them back to the company to be refilled.
But i have a life. I get better grades than him apart from ICT. Plus i have more friends. He spends all his spare time at school looking at his businesses website/ designing other peoples website (which he gets paid for aswell (more moeny he is evading tax on probly))
If he earns more than �6457 in one year he pays income tax; if he earns less than that he doesn't.
The best thing you can do is not to give him a thought. Concentrate on your studies and your own life.
i haven't yet worked out if this poster is a wind-up merchant or if i am just old and have no tolerance for young people and their "me me me" attitude any more!