Self-employed & paying tax? Don't forget!

Agh! I've just realised that the lovely people at HMR&C require a 'payment on account' by this Friday 31st July.

Don't forget if you need to do this too!

Originally Posted by Cazza

Agh! I've just realised that the lovely people at HMR&C require a 'payment on account' by this Friday 31st July.

Don't forget if you need to do this too!

Paid mine last week, sad times

[Mr Speirs]

Paid mine last month. Barstewards.

[keith_d]

Yup - but don't worry, Gordon's already spent it before you write the cheque.

Heres a question some of you might be able to answer, I have a full time job, I work 4 on 4 off perm nights, on my 4 days off I want to do some work for myself, at what point do I need to notify the tax people ? in other words is there a limit to what you can earn before you have to pay tax on your secondary income ? bearing in mind its just a bit of casual and may not lead to anything special
Thanks
Stew

[SoulKiss]

[QUOTE=stewie;1987159]Heres a question some of you might be able to answer, I have a full time job, I work 4 on 4 off perm nights, on my 4 days off I want to do some work for myself, at what point do I need to notify the tax people ? in other words is there a limit to what you can earn before you have to pay tax on your secondary income ? bearing in mind its just a bit of casual and may not lead to anything special
Thanks
Stew[/QUOTE

From the very beginning.

You dont get a second allowance for a second job - your income, no matter from how many sources, is still your income.

You will also need to inform your permanent employer I believe.

Well thats a non starter telling my firm, they will say it contravenes my working time directive and could put there operators license at risk,standard answer Im afraid, thanks anyway David

[SoulKiss]

Originally Posted by stewie

Well thats a non starter telling my firm, they will say it contravenes my working time directive and could put there operators license at risk,standard answer Im afraid, thanks anyway David

I dont think the law says you need to tell them, but there is probably something in your contract.

Originally Posted by stewie

Well thats a non starter telling my firm, they will say it contravenes my working time directive and could put there operators license at risk,standard answer Im afraid, thanks anyway David

You don't have to tell them, you do tell the inland revenue who will adjust your tax code, or give you a self cert form for you tax at the end of the year.

Dan