My partners tax bill is nearly 10k and mine is 700, why the discrepancy? If its 50/50 shouldn't they be roughly the same?
Does he have other income?
Do you both get similar personal allowance?
Ditto, We have been friends for 30 years I had all the contacts and experience and he had the collateral, I did most of the work as he had other business interests and we agreed to split everything down the middle, including rent and bills before the company went into the black. He gives me very little visibility of our weekly margin report and I have at times resorted to reverse engineering invoices from the bank. He does have another business which employs people paye, would this be why his bill is high?
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I was hoping you could help me with why the tax bill is so much higher? I think it may be due to his other business interests?
I have asked for three years for the weekly margin reports and only get them when it is capped by the finance company or very low.
If it walks like a duck and quacks like a duck, is it always a duck?