Tax for extra part time work?


Z

zoltar76

Hello,
I have a full time job in IT. But people are constantly asking if I'd
be willing to do other small projects outwith my proper job.

What should I do if I want to do these projects with regards to tax or
registering with Inland Revenue or anything else I might need to do? Or
is there a limit to how much I can earn part time without having to pay
tax on it?

thanks,
Dave
 
Ad

Advertisements

R

Ronald Raygun

Hello,
I have a full time job in IT. But people are constantly asking if I'd
be willing to do other small projects outwith my proper job.

What should I do if I want to do these projects with regards to tax or
registering with Inland Revenue or anything else I might need to do? Or
is there a limit to how much I can earn part time without having to pay
tax on it?
If it's minor, just list it on your tax return as miscellaneous casual
earnings. Question 13.

If it's major, to the extent that you could be considered to be running
a business, then you need to register as self-employed, and complete
the self-employment pages SA103 of the tax return.
 
A

Andy Pandy

Ronald Raygun said:
If it's minor, just list it on your tax return as miscellaneous casual
earnings. Question 13.

If it's major, to the extent that you could be considered to be running
a business, then you need to register as self-employed, and complete
the self-employment pages SA103 of the tax return.
Also check your employment contract - if the work you are doing is in competition
with your employer (ie if they offer the same or similar service to what you are
doing on the side), then this could breach your employment contract.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top