Doing 2 jobs - tax / legalities etc help please!
#1
Doing 2 jobs - tax / legalities etc help please!
Hi all
Im about to start a new job on Monday.
However my current employer is short staffed, 2 people just gone off long term sick(broken wrist and something else). So they asked if I fancied some work at the weekend??
Well yes I do, I need the cash and I can ofcourse do my old job easily!\
But where do I stand? Am I allowed to do this? How much will i get taxed etc etc etc...................
cheers
Andy
Im about to start a new job on Monday.
However my current employer is short staffed, 2 people just gone off long term sick(broken wrist and something else). So they asked if I fancied some work at the weekend??
Well yes I do, I need the cash and I can ofcourse do my old job easily!\
But where do I stand? Am I allowed to do this? How much will i get taxed etc etc etc...................
cheers
Andy
#3
yes you are allowed to do it. You will get taxed as if it was a single income over the course of a year, so if you earn 20k in your main job and 5k doing weekends you will pay tax as you would on a single 25k salary. Payroll depts don't always get it right, so check your P60 carefully next May. Otherwise the IR will probably work out the correct figure in 2-3 years time and send you a bill or refund as appropriate
#4
You're only "allowed" if additional work is allowed by the contract of your new employer. You'll probably be registered for PAYE with them. If they're cool with your 'other' job, then you would *should* account for tax on those earnings through a self-assesment tax return.
#5
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Fast Bloke
You are right in what you are saying. I have 2 jobs, and my part time job is taxed ast Basic Rate tax (ie no tax free allowance). That way I have all my allowance in my main job, and don't have to worry about a tax payment or self assessment form!
You are right in what you are saying. I have 2 jobs, and my part time job is taxed ast Basic Rate tax (ie no tax free allowance). That way I have all my allowance in my main job, and don't have to worry about a tax payment or self assessment form!
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