Scott
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Hello,
You will be taxed 22% on your income from your second job. The HM Revenue and Customs website states that any income from any secondary jobs will be taxed at 22%.
If the amount you earn on your second job is below £97.00 if being paid weekly, or £420.00 if being paid monthly; then you can get the income from the second job tax free.
You need to call HM Revenue and Customs and ask them to split your personal allowance. This will then mean that the income from your second job is tax free, and that the personal allowance on your main job is reduced. If you already exceed your personal allowance on your main job then you may as well do this.
See this webpage for more information on splitting your personal allowance:
http://www.hmrc.gov.uk/students/two_pt_jobs_pa_on_both_9_3.htm
Thanks |
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jane c
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No you will just get taxed as normal, you dont get any tax relief, its just the same as if you were to get a salary increase - its got nothing to do with how many jobs you have, its the total income.
hope that makes sense |
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?
 |
you understand the situation yourself correctly. You can have as many jobs as you like but your personal allowances will generally only be used against one of them, thereafter you pay flat rate tax against all future earnings, currently 22%. You may still have a liability to extra tax if your total earning took you over into the 40% banding.
The tax code on your 2nd job should show as BR
Who ever gave you the info is wrong, you would pay no more tax where ever you earnt the money |
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jojo
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you have to contact the tax office and inform them you are doing two jobs they will amend your tax code accordingly, otherwise they will charge you emergency tax for the second job. |
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zeggy
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No it's not true, you will still pay the same National insurance rate and your entire earnings from your 2nd job will be taxed at 22% unless your 2nd job takes you into the higher earnings bracket of £33300. |
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sarahlee
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I was a pub manager and all of my part time staff who had a full time day job were taxed 25% on their second job!!! It's really unfair and makes you wonder if its worth it. |
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clintonwee
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The amount of tax you pay in any tax year is dependent on your total earnings (whether it's from one job or more)
It's true that if you earn more, you will pay more tax, but the rate doesn't change because of your second job, unless the earnings put you in a higher tax bracket.
If your tax in the second job is either too much or too little, you will need to file a tax return so that you can either pay any tax that you still owe, or claim a refund if you paid too much already. |
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chicnlips2012
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you are taxed on your total income at the end of tax time you could either owe some money, or get a refund...........best you check with the proper professionals |
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davespnr
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No not true, you will be taxed at base rate about 25% if you are not in the higher rate tax band in your prime job. You will also pay national insurance on all you earn too.
Tax online is very helpful.
This is valid for the UK |
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ERIC H
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YOU MOST CERTENLY DO.
AND IF YOU TOTAL INCOME EXCEEDS £48000.
YOU WILL PAY A HIGHER TAX RATE |
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Petunia
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The MORE you make, the more they TAKE! |
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Tempest
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Each company will pay tax on your behalf. The first company will have had your P45 details so they can pay the lower rates for you. Because you are already working you cannot pass this on the the second company so they will pay emergency tax (at the highest rate) to cover you. You will also pay NI on this.
At the end of the year (6th april) you should fill out a self assessment (SA) form. On this you will fill in the details given to you by each company on your P60s or whatever, stating how much you earned and how much tax they paid on your behalf.
If it turns out that you paid too much then you will get some back (the most likely option), If you have not paid enough you will get a bill. This can either be paid directly by you or taken off your next years entitlement via your PAYE code.
If your second company does NOT pay the tax and NI for you you will have to fill out a SA as a self employed person telling the gov. how much you earned. As NO tax will have been paid on this you will be taxed accordingly.
You may also have to pay NI2 contributions if you earned over a certain amount.
If you don't fill in an SA you may still get any money owed to you back as the Inland Revenue may see the over payment.
Either way, call the Inland Revenue and let them know you will be doing 2 jobs and they will advise as necessary.
Hope this helps. |
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cazmo
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ive just taken on a 2nd part time job if this is the case im going under another name
thats just so unfair if thats true |
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tommo
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yes i think about 25%. |
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spiko
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You get taxed on the amount you earn, so make sure your second job is cash in hand. |
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Lord of the Sovereign Ring
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Each companies pay roll software will treat you the same, so you need to fill in a self assessment form at the end of the year and claim any over payment back, as you will be over taxed for sure. |
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JimmyBob
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Go for cash in hand, that way you cut out any hint of Tax! |
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Linda Mccloskey
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I have two jobs, one I earn £80 per month and in the other I earn £317 per month. Even though I don't earn enough between the two jobs to pay tax, do I have to inform the tax people and split my tax code. |
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