Out of hours earnings and the taxman

Discussion in 'UK Finance' started by Wibbler, Aug 4, 2004.

  1. Wibbler

    Wibbler Guest

    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?
     
    Wibbler, Aug 4, 2004
    #1
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  2. Wibbler

    Les Guest

    Wibbler said
    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.
     
    Les, Aug 4, 2004
    #2
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  3. Wibbler

    David Floyd Guest

    Is being paid by cheque significant?

    DF
     
    David Floyd, Aug 4, 2004
    #3
  4. Wibbler

    Nick Read Guest

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


    Nick
     
    Nick Read, Aug 4, 2004
    #4
  5. Wibbler

    David Floyd Guest

    Doh!

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

    DF
     
    David Floyd, Aug 4, 2004
    #5
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