Answer a question

Do you want to follow this topic? You need to be signed in for this feature
Do you want to save this article to read later? You need to be signed in for this feature

Paying PAYE but self employed for 2nd job

I am employed full time & on PAYE, earning around 39K. However, am about to take up extra work on a self employed basis - what are the tax implications?


Do you want to answer this question? You need to be signed in for this feature


Hello OP, You may have been able to get advise from other sources as I can see that you posted your question on 2 December and you did not get a reply from anyone. When you become self-employed, you will need to register with HMRC for self-employment and then at the end of the tax year you will need to fill out a self-employment tax return, which will include sections for both self-employment and employed status. You will need to declare your PAYE earnings and tax as well as self-employment earning on this tax return. Either you can determine your (if you know how to) final tax payable/receivable liability yourself or you can let the HMRC do it for you when you submit your tax return. Regards Farrukh Jamil