 The tax office want me to pay 9,389.32 £ for the years I did not work in the UK.What do I Must do Now? ? |
| Ok I worked in the UK from 2002 until the 2004 after that I went back to My country.IN 2008 I came back in Manchester ,UK .Registered again as a self employed and here comes that letter that I ... |
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 Why is Social Security capped at $97,500? |
| I realize that amount will increase a little bit next year, but why is it capped at that amount? Pretty much everybody that makes over $100,000 per year isn't going to miss that amount, while ... |
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 I have received a summons to court for non payment of council tax? |
| but its for this year.why if i have until31.03.08 to pay for it have i received this summons?... |
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 What can you deduct for a mary kay business? |
| I'm considering starting a Mary Kay business and wanted to know all the tax deductions that are possible. I know there are 41 but I can't find any.... |
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 Why are we all forced to pay out over 56% of our wages in Taxes? |
| During the Boston Tea Party, the early americans through Tea into the Boston Harbor because of a 1/3 of 1% tax which they called "tierany." If 1/3 of 1% was unacceptable, what would they ... |
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 My ex and i have 2 kids....we decided that everyother year we would claim both kids? |
| last year he claimed both...and i was to claim both this year....now he is telling me that i cant because they live with him last year and hes going to!...can he claim them both years...we have no ... |
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 Does the 16th Amendment specify what is to be considered as "income," is all labor earnings considered income? |
| I know that the 16th authorizes the government to levy taxes on income, that is not the issue, the issue is that wages earned from working is not income, it is technically an equal exchange of ... |
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 Shouldn't we be able to deduct tips left at restaurants from our taxes, as they are someone's salary? |
| A tip you leave at a restaurant is the server's wages. In fact, it even gets taxed. So basically tips are taxed twice, from the tipper and the tipee.... |
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 Race and income tax question? |
is racial classification a factor when determining:
-how much income tax a person pays
-or what tax bracket a person is in
???
thank you in advance.
... |
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 Should there be just one tax band of 10%? |
any thoughts on this?
And I mean, EVERYONE pays, no exceptions, no loopholes, no get out clauses... everyone in the country pays one low rate of 10%
Consider it for a moment, ... |
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 So there is NO income tax law? |
that requiers you to pay income tax now knowing that is there any way to get away from paying that income tax avery week on your pay check?
Additional Details
that requiers you to pay ... |
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 I think there's a conspiracy against me? |
| I became unemployed/retired November 2007. I applied for unemployment insurance benefits. They denied it and I appealed. I won the appeal. Within one week of me winning my appeal I had the C... |
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 I recieved an email from the IRS and I wanted to know if this is a real email from them. Can you help? |
| After the last annual calculations of your fiscal activity we have determined that you are eligible to receive a tax refund of $116.40. Please submit the tax refund request and allow us 6-9 days in ... |
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 Do you have to file your w-2 if its based on just one paycheck? |
| i recieved my W2 last month but havent filed it yet since it was based on my 450 paycheck from last december. the federal social medicare come out to about 50 bucks and my stae tax is less than 15 ... |
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 Rebate stimulus checks? |
| i want to check when i will receive my stimulus rebate ... |
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mr_meouw_meouw | How do I declare a second income? UK tax question? |
I already have a full-time job with the usual PAYE setup for Tax and NI. I have an offer of occasional extra work but I have been told I have to do all my own accounts for that. I know I have to keep records of everything related to this second job. I've never had to do this before.I would like to hear from anyone who works like this or anyone with relevant experience who can give me some advice.
Additional Details
Thanks for all the info so far. I wanted to see what I would have to do before I got started.The work is something I can do when I have spare time available. I pay a commission to the company supplying the work, and of course I assume they declare that. I just want to keep my end straight. |
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C R
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Hi
It depends on the circumstances so contact your tax office. If they are employing you but not paying you very much at all, you can have your tax code changed at your main job to include a restriction to collected extra tax because you have 'other earnings'.
If you need to register as self employed, you can do that my calling the Newly Self employed helpline 0845 915 4515 (they can also answer questions) or online at http://www.hmrc.gov.uk/selfemployed/iwtregister-as-self-employed.htm
They will send you an Information pack to give you an idea of what records to keep. Each year you will need to complete a Self Assessment Tax Return. On it you will show all of the income you received for the year so make sure you keep any P45 and P60's you have from your employer. The tax office can help you do it. You will need to pay any extra tax that is due by 31 January 2010, but it'll tell you all about that. You may also need to pay some more national insurance contributions (again, ask the helpline).
Call they are helpful. (If you get someone who isn't or you don't understand, just call back again) |
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Bardic
 |
I'd ring HMR&C, they're actually quite helpful these days. Then you'll get it from the horses's mouth, so to speak. |
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sdw
 |
Steffi is right but just for your info - your main full time job deals with all your tax and national insurance complications. A second part time / casual job is ultimately quite easy to calculate for tax etc. You pay basic rate tax and thats it- so currently your second job will be taxed at 20%. |
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steffi
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Certain criteria are in force with regards to jobs/work. The second "employer" may be trying to cut his costs, but before you make any decisions, contact the Status Inspector through your local tax office. He will guide you as to whether or not you can be self-employed. Neither yourself or "employer" can make this decision, it has to be within the guidelines. If "employer" messes up, he can be held liable for your tax and NIC, as well as financial penalties. Not enough information on here for further information. |
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James M
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I've recently become self-employed and the 'local' tax office mentioned that you can be registered on PAYE and be registered for self-employment too. My advice to you would be to look on the HM Revenue and Customs website. You will probably find the answer to your question there. If not, phone your local tax office and they will assist you. I've found them really polite and helpful whenever I've had to contact them. If you do have to fill out a self-assessment form, do it online as it's really easy and the program does most of the work for you. Good luck! :) |
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Edwina C
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Probably depends on whether the extra work is regular or not. If it is, it's a second job and you have to declare the income normally in a Tax Return as income from employment, based on your employer's end-of-year notice of income and tax deducted.
If it is freelance, and you can choose when and where to do it (and whether to as well), you will likely be self-employed. If so, you must keep full accounts of income and outgoings. Phone your tax office to see whether they want you to send in the Self-Employed pages on your next tax return, or report it as other occasional income. You will then get a notice of tax to pay (or a change in your tax code), from the Inland Revenue each year.
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ANF
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Keep a record, use a spread sheet, of what you earn. On the same record sheet keep a record of all your expenses associated with this work. This can include the use of a room in your house as an office, heating that office, PC and printing costs, telephone etc. Deduct expenses from income at the end of the tax year and you have your business profit. When you fill in your annual tax return you will find a space for additional income. Add this in with a covering letter as to why you are making this additional return.
I have done this over the years until I went completely self employed. |
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kate
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My 'accounts' consist of receipts from the petrol station stapled to an A4 with my weeks earnings, outgoings and total.
If you're earning less than £70 per week I wouldn't bother if I was you. You're paying your fair share through your main job. If you feel you must declare it just phone HM 0845 915 4515 (that's the newly self-employed help line). |
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URBAN SOUL
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get a qualified accountant,even their fee is tax deductible! |
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g r
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who cares |
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