I want to be taxed

[Ant]

Hi I don't own a company but I am considering doing a little work for people here and there. How do I apply to get taxed on the amount I earn as to not dodge any tax payments and get into trouble?

[kags]

are you in the UK? If so, look up Inland Revenue in the phone book, and ring your local office. they will send you a form to complete, giving details of the work you intend to so. This form will also give you information about paying National Insurance Contributions, which you will have to do if you are working free-lance. You must keep a record of all your income and expenditure and then complete a tax return after the tax year end. Any tax you owe will be payable on 31 January following the end of the tax year, with a payment on account for the next tax year also being due on that date and the following 31 July. You must therefore keep a proportion of your earnings aside. You say a "little work", you can earn �4745 a year before you are liable to tax, but this figure includes all income such as pensions, state pension and most(but not all) state benefits, also income from savings and investments.

[smudge]

You must be the only person I know who 'wants' to be taxed!

[Ant]

Thanks for your help Kags. Everyone I have spoken too have told me to keep quiet. I don't want to be taxed, I just don't want to get into trouble.

[smudge]

Very wise Ant. Nice to know you want to join the rest of us honest people. Bless you.

[darth vader]

good thinking. the tax office always find out eventually.

[WoWo]

Better to pay a percentage now, rather than try and fiddle the system and get stung for �10,000 lump sum. Nice to see an honest person for a change.

[PeanutsUK]

I did this once a good few years back. I phoned the local Inland Revenue and asked them. They said to detail the work in a letter and they would tell me how much tax to pay. I did that, heard nothing until two months later they sent me a Tax Return. I then had to detail ALL of the work I'd done in the last year, ALL of the beneifts I'd received when not working, ALL of the interest earned on any savings etc. etc.. It was a pain the @rse. Luckily my step-dad is a treasurer for a local charity, otherwise I'd have had to pay an accountant �200 to do it - ironic when you consider I got paid �200 for the work I did!!!