Quizzes & Puzzles1 min ago
2Nd Job Sole Trader
8 Answers
I have a main job (PAYE) via employer.
Will it be legal to do a 2nd job as a sole trader?
It would be for same employer but a totally different role.
I would submit an invoice once a month for the additional hours (likely to be 15hrs per week).
I can't see a problem HMRC wise -
I would declare my sole trader income when my self assessment is done yearly.
Will it be legal to do a 2nd job as a sole trader?
It would be for same employer but a totally different role.
I would submit an invoice once a month for the additional hours (likely to be 15hrs per week).
I can't see a problem HMRC wise -
I would declare my sole trader income when my self assessment is done yearly.
Answers
Best Answer
No best answer has yet been selected by eve1974. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Shouldn't be a problem at all.
This article ha z lit if hepful info, while you are in the queue for HMRC :)
https:/ /www.cr unch.co .uk/kno wledge/ tax/fre elancin g-side- tax-imp licatio ns/
This article ha z lit if hepful info, while you are in the queue for HMRC :)
https:/
If you will only be providing work for one person you may not be able to be classed as self employed. https:/ /goself employe d.co/ca n-you-b e-self- employe d-and-o nly-wor k-for-o ne-comp any/
HMRC takes a very dim view of it.
HMRC takes a very dim view of it.
Your main job is as an Employee and you pay tax through the Paye scheme,
You can work for the same person or firm on a self-employed basis. You must register as self-employed with HMRC and you will receive a UTR (unique Tax Reference) number in the post. You must give your business a name which can be your given name.
You must them fill in a Self Assessment Tax return the end of the nearest Tax year. In the form it will ask you if you have done any work for an Employer -you must answer yes and fill in the supplementary page. It may ask you how much Tax you have paid in the last Tax year through PAYE and the name and address of your employer.
You then fill in the Tax return for a self-employed person (they do not ask for the peoples names you have worked for over the previous Tax year) . You may need to pay Tax on your self-employed income, if both your Employed and your Self-employed work exceeds the Government personal allowance.
You can work for the same person or firm on a self-employed basis. You must register as self-employed with HMRC and you will receive a UTR (unique Tax Reference) number in the post. You must give your business a name which can be your given name.
You must them fill in a Self Assessment Tax return the end of the nearest Tax year. In the form it will ask you if you have done any work for an Employer -you must answer yes and fill in the supplementary page. It may ask you how much Tax you have paid in the last Tax year through PAYE and the name and address of your employer.
You then fill in the Tax return for a self-employed person (they do not ask for the peoples names you have worked for over the previous Tax year) . You may need to pay Tax on your self-employed income, if both your Employed and your Self-employed work exceeds the Government personal allowance.
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.