Which tax options does Nett provide for the United Kingdom?
For self-employed people in the United Kingdom, Nett lets you configure:
- Annual Self Assessment tracking when you are not registered for VAT.
- Quarterly or annual tracking when VAT is enabled, depending on the tax organisation you need.
- VAT registration or exemption, default rate and treatment of transactions with foreign customers or suppliers.
- Automatic Income Tax calculation, a manual income forecast or a fixed percentage.
- National Insurance Class 2 and Class 4 estimates, including the voluntary nature of Class 2.
- Opening position for the tax year: profit earned before you started using Nett and tax already paid to HMRC.
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