Self-employed face tax bills higher than their income

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Freelancers whose income has been slashed this year due to the pandemic could soon face tax bills higher than their earnings, the Mail reports. Because self-employed workers pay a biannual tax in advance based on their previous income, someone on £50,000 before the pandemic would owe around £16,682 in tax, even if their income was £15,000 this year, according to analysis by Royal London.

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