Out of hours earnings and the taxman


W

Wibbler

I have a 9 to 5 IT job, but recently have taken on out of hours
consultancy and web design work - with some clients paying by cheque
(and should therefore be taxed). Should I keep quiet until the Inland
Revenue notice (I've never received a form from the Inland Revenue to
fill in) - I'm happy to declare it if they ask - or should I phone
them up now and tell them of my earnings?
 
L

Les

Wibbler said
I have a 9 to 5 IT job, but recently have taken on out of hours
consultancy and web design work - with some clients paying by cheque
(and should therefore be taxed). Should I keep quiet until the Inland
Revenue notice (I've never received a form from the Inland Revenue to
fill in) - I'm happy to declare it if they ask - or should I phone
them up now and tell them of my earnings?
It is your responsibility to tell them and you must inform them that you
have become self-employed within 3 month. You might also find that you
have NI implications to your earnings as well as the tax.
 
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D

David Floyd

I have a 9 to 5 IT job, but recently have taken on out of hours
consultancy and web design work - with some clients paying by cheque
Is being paid by cheque significant?

DF
 
N

Nick Read

Is being paid by cheque significant?
Its only significant in the sense that it increases the likelihood of
him being caught !


Nick
 
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D

David Floyd

Its only significant in the sense that it increases the likelihood of
him being caught !
Doh!

I was trying to get him to acknowledge that :-(

DF
 

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