can you be employed by a company and still have a UTR for being self employed say at weekends?
self employed AND PAYE?
- Thread starter ColJack
- Start date
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daneski88
I'm on PAYE and have to do an annual return due to money gained from renting out a house.
but does that mean you have a UTR?
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daneski88
Yes. I enter the amounts provided in my employer's P45 issue to me, as well as my additional earnings.
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as long as I'm not in competition with them then how can they mind if I work for proffit on my own time..?
If I work for a control panel company and do fencing on a weekend then how does that concern them anymore than if I mow my lawns?
If I work for a control panel company and do fencing on a weekend then how does that concern them anymore than if I mow my lawns?
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daneski88
And you intend to declare this income - very laudable indeed.
Best to ask them anyway out of courtesy. After all, you've only just landed the job
of course I'll declare it .. kind of have to..
the bloke that occasionally wants the foreigners doing needs a UTR for paying whoever does them, he's not a "CIH" kind of guy..
while we're on the subject, what's the legal standpoint for doing work to pay off a debt? it's not an income if I don't see any cash
the bloke that occasionally wants the foreigners doing needs a UTR for paying whoever does them, he's not a "CIH" kind of guy..
while we're on the subject, what's the legal standpoint for doing work to pay off a debt? it's not an income if I don't see any cash
you will def need to pay tax as it is payment in kind as your debt is being reduced, no different(ish) to your salary going into the bank and a direct debit going out for your mortgage. ANY work you do needs to be declared, or we would all go back to bartering (not a bad thing) and no tax would be paid, its just like we all (allegedly ) do at the moment, where you plumb in your sparky mates shower for free and he wires up your shower for free, and more recently like the 2 female police officers who were done for watching each others kids as they worked different shifts as they were not declaring their "benefit" of getting and giving free child care
so if my dad bought me a car and I go round and paint his fences and shed, re-felt it and clear out and board the loft for him as a thank you I have to declare it even when no money changed hands?
do I also have to declare my christmas gifts from my parents?
do I also have to declare my christmas gifts from my parents?
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daneski88
Most people do the work and then get the payment for it (whether it is with direct cash, a slate at a pub or whatever). In your case CJ, you've just done the same thing but in reverse. Therefore, unless it's all been done with a nod and a wink, it may well have to be declared as taxable income.
Your employer might think it affects your ability to do the job they have given you if you are working somewhere else as well. It will also affect your tax and they might find out about it that way. It should be in your employment contract (if you have one) whether or not you're allowed or not although they may be flexible.
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daneski88
You are allowed a certain amount of gift money as tax free income (Think it's £5K per annum, but I'm happy to be corrected), which is presumably reciprocatable -if such a word exists - between family members. Anything beyond this is taxable, and designed to prevent capital gains and inheritance tax avoidance.
The point you raise is interesting - he has given you money in kind.. Hmm, it will be interesting to read other's responses to this.
where do we stand then if I was living at home getting food and lodgings etc from them after I'm 18?
these are surely "gifts" and would come to more than £5K a year?
these are surely "gifts" and would come to more than £5K a year?
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