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Ellen | Second Job, would my First Job employer find out? |
I am earing 25K in my Mon - Fri Daytime job. I have been offered a second job for about 5K annually. I want to pay tax on the second income, but would my day time employer find out that I have a second job by the tax code? |
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Emma G
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Your tax code will remain the same in your current job, but the tax code for your second job will be a BR code, which is a higher rate of tax for people earning more than one income.
I think some jobs require you to inform them if you have a second job, you should have a look into this. However, I don't think they would be able to find out unless you tell them. Contact your tax office for advice. |
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'Dr Greene'
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You have to be careful here.
I did this a while ago, and when I started my second Job, the Tax office ASSUMED I had finished my previous job and wrote to my main employer telling them I must have left and to Issue a P45. I was stunned!
Thankfully my boss already knew what I was doing, but if it had been against the rules I could have been in deep doo-doo. |
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slinkyred1
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They shouldn't do, your tax code from your first job will stay the same. You could try and speak to your tax office? |
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Paul S
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no, they would have no way of telling, unless you opted to have your second income taxed via your main employer tax code.
normaly your second employment tax code will be BR which means all income from that job will be taxed at 22%.
there should be no communication between the Revenue and your 1st job at all. so no they cant find out.
Even if your main tax code was amended to take into account your 2nd job, your 1st employer will only get a form with the code on it and not a breakdown. there is no way they could guess why you have a lower code than normal. only you will receive the code with a breakdown on it.they may query it with you to ask if its correct if their payroll guy is any good, but all you have to say is yes or no. |
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Gemma T
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na, doubt it |
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paul
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No. I've just received a tax code. All your employer knows is your tax code, not how it is worked out. A tax code can involve personal circumstances that are none of your employer's business. You would be taxed in your second job at basic rate (with no allowances) so, unless you are on a higher tax rate, it would not affect your tax code and even if it did it would take a minimum of six months to get through. |
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Bone
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Your employer wouldnt neccesarily find out, unless you were working in a public place. I have a full time job and a part time job in a theatre and people from my work often come to see performances. I have had the part time for 5 years though and was there before starting my full time job and I informed my employer. Even if they wouldnt find out it is common courtesy to inform them, particularly as they can become difficult if they feel that your second job is affecting your work in terms of tiredness etc.
Regarding the tax code, this remains the same so your employer would not find out this way. You will however be charged basic rate for your second job so maybe you need to think about whether it is worth it in terms of the tax you will pay for £5k a year. |
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firebobby
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No. I did it for a while and each job is taxed seperately. You will get a P60 from each employer. |
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Bibs
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No, but he will learn of it eventually, becaause some day you will let some information slip, and it will get back to him. No one can keep a secret. |
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Onestep downfrom God
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No they won't.
Firstly, your main occupation code won't change, and secondly, your employer only gets a code number, so he has no idea what the code comprises. |
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wonderingstar
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only if they are bothered |
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Mark
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The tax office is obligated by law to keep what it knows about you confidential (Section 18 of the Commissioners for Revenue and Customs Act 2005).
The use of a tax code means that it can fulfil that duty, but also perform its primary function of making sure the right amount of tax is deducted from both of your incomes.
You might get a notice of coding saying that you have allowances of 5225, less used in your other job 5000, which leaves 225. This translates to a code number of 22L. But the employer's copy is more bland and simply says to operate code 22L. It won't say why.
They will probably know that most people have a code of 522L, but the reasons yours being 22L could be due to you having (say) income from renting a second property.
So to answer your question, if they do find out about it, it won't be from the tax man. |
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jamand
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Probably yes but - what is it to do with them - unless you are contracted to not seek extra employment or would be working for a direct competitor where information of a business or sensitive nature could be passed over - it's none of their business at all |
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juology
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no - your income would not take you to a second tax bracket and so wouldn't change your tax code.
besides, they would have to be really creepy to think of checking up on you like that. |
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MISSY G
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Yes |
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