Changing from ME going over turnover threshold
RustyC
4 replies so far...
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It looks likely I will go over the €70k ME earnings this year. I am weighing up my options, whether to delay invoices until Jan 2020 when I hit the threshold or to just carry on earning.
I wanted to ask how it works if I do go over the €70k. Do I automatically get taken off as an ME, or do I have to ask them? If so, what happens next? How does it change my tax calculations and declarations? I have very few expenses, which is why the ME option worked nicely for me, but the 70k threshold is a pain.
I don’t really want to change if I can help it, but I also don’t want to limit my income if it’s not that much more difficult to come of ME and pay tax ‘normally’.