Individual Developer Licence / UK HMRC Tax?

Discussion in 'App Store Business, Legal and Marketing' started by GaryDEV, Jan 28, 2015.

  1. GaryDEV macrumors newbie

    Joined:
    Jan 28, 2015
    #1
    Hi Everyone,

    (Hope this is the correct thread)

    I am signing up to an individual developers licence in the UK. I have been coding many years now but within companies and joint ventures.
    Now as I have wanted to go alone and test the market with my apps, a few questions have been popping up.

    1). How do I pay tax as an individual, self assessment as a sole proprietor?
    2). Do Apple pay you where tax is already calculated and then it simply needs declaring, or will I be taxed again from HMRC?
    3). Can I then forward some profit onto other people who might potentially work with me?

    Sorry for being vague on the matter, I have always been working under particular companies and never had this exposure, however this is the route i want to take so trying to find answers.

    Hope you can help!
     
  2. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #2
    I suggest you speak with a local tax accountant. Getting tax advise on the internet may not be the best approach.
     
  3. GaryDEV thread starter macrumors newbie

    Joined:
    Jan 28, 2015
    #3
    Thanks, I have a meeting with an accountant on Friday. I am confident he will be able to sort my issues out.
    Just wondered if there is anything I need to take extra care with.
     
  4. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #4
    If there is, I'm sure he'll cover it :)
     

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