Originally posted by SueEllen
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Yet another noob? Maybe...
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by northernladuk View PostIt is if the new client breaks the handcuff clause or his contract says he can't hold another job while employed or whatever, particularly if this is a competitor/supplier in the same market.Comment
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OK - sounds like the correct thing to do is to invoice as yourself, contact HMRC to say you have extra income to declare and fill in a tax return declaring your earnings. I know some people don't bother, and pocket the money.
I presume you're talking relatively small amounts < 10K or so.
Edit: Check your current employment contract to see whether it prohibits (or requires permission) to take on other work.Comment
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Thanks SueEllen. Great reply
Will I be able to split my personal allowance between my PAYE & self assessment tax, or will all of the contracting income be taxed?Last edited by kryptonite; 30 March 2012, 21:40.Comment
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Originally posted by kryptonite View PostI was referring to my old employer. More out of interest that question; I don't intend to break the law.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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