[quote user="Jon"]I've explained this before, though I can't remember where. The tax on micro BIC income is calculated as follows (broadly): - Revenue (ie turnover) receives an abatement of 68% (2007) for "expenses". Say you have a business that receives €50000 as turnover, then the tax people will call 32% or €16000 as being income assessed for tax. [/quote] Jon just a question about the above quote. I thought the maximum turnover for a micro BIC is €24,000 but you say IF a business receives €50000. Is it possible therefore to receive more than €24,000 if you have a micro BIC thanks