micro enterprise tax threshold

[benson]

Hi

I have a quick but very important taxation question regarding earnings thresholds for micro enterprises.  Are the limits applicable before or after the abattements are taken off?  ie the limit for labour is 27,000.00 if you declare this amount then have your deduction of 52% you are at 14,040.00 or is it that you can earn 54,000.00 because after the 52% abattement you are at the limit of 27,000.00

Also what do you do if your earnings are higher than the threshold?

Many thanks

[Nick Trollope]

[quote user="benson"]

Hi

I have a quick but very important taxation question regarding earnings thresholds for micro enterprises.  Are the limits applicable before or after the abattements are taken off?  ie the limit for labour is 27,000.00 if you declare this amount then have your deduction of 52% you are at 14,040.00 or is it that you can earn 54,000.00 because after the 52% abattement you are at the limit of 27,000.00

Also what do you do if your earnings are higher than the threshold?

Many thanks

[/quote]

Taxation is based on nett earnings - after deduction of social charges.

If you earn more than your regime allows, then you must change regime.