I know there are some other self-employed people on here so thought I’d ask this question (I’m looking at other sources too but not found anything concrete yet).
The Chancellor announced 80% of profits…
Is that Taxable Profit (i.e. the part of your profits above the £11k threshold), or the entire Profit? I’ve read both from reputable news sources so … yeah which is it? Will make a massive difference for many people!