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    • Ben007
    • By Ben007 15th Sep 17, 10:11 AM
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    Ben007
    Tax
    • #1
    • 15th Sep 17, 10:11 AM
    Tax 15th Sep 17 at 10:11 AM
    Hi Sorry if this is in the wrong forum. I wanted some advice on paying tax on extra earning. I am a full time employee and I earnt £300 last year extra doing some work for a friend. How do I now go about paying the tax on this? Am I classed as self-employed even though I work full time?
    Any help would be appreciated
Page 1
    • Guest101
    • By Guest101 15th Sep 17, 10:20 AM
    • 15,128 Posts
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    Guest101
    • #2
    • 15th Sep 17, 10:20 AM
    • #2
    • 15th Sep 17, 10:20 AM
    May not be the best liked answer, but for the sake of £60, or £120, I wouldn't bother.


    But if for whatever reason you feel compelled to, then yes register as self employed and declare the income.
    • directdebiter
    • By directdebiter 15th Sep 17, 10:38 AM
    • 234 Posts
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    directdebiter
    • #3
    • 15th Sep 17, 10:38 AM
    • #3
    • 15th Sep 17, 10:38 AM
    Not advocating tax avoidance in anyway.....just so you know For £300 extra income it will be alot of work and hassle for you to register and declare the tax. Don't people earn this on ebay and carboot sales etc - I doubt if they then declare this?
    • Guest101
    • By Guest101 15th Sep 17, 10:43 AM
    • 15,128 Posts
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    Guest101
    • #4
    • 15th Sep 17, 10:43 AM
    • #4
    • 15th Sep 17, 10:43 AM
    Not advocating tax avoidance in anyway.....just so you know For £300 extra income it will be alot of work and hassle for you to register and declare the tax. Don't people earn this on ebay and carboot sales etc - I doubt if they then declare this?
    Originally posted by directdebiter
    Nor would they need to.
    • Kynthia
    • By Kynthia 15th Sep 17, 10:48 AM
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    Kynthia
    • #5
    • 15th Sep 17, 10:48 AM
    • #5
    • 15th Sep 17, 10:48 AM
    Selling your old and unwanted items doesn't count as taxable income. Selling items you've made or bought in order to sell at a profit does.

    OP if you ring the HMRC and tell them what extra you earnt and what expenses should be deducted from that they will probable just collect the tax by altering your tax code. As you have a job paying tax as PAYE it will be repaid through this.
    Don't listen to me, I'm no expert!
    • Pennywise
    • By Pennywise 15th Sep 17, 12:18 PM
    • 9,313 Posts
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    Pennywise
    • #6
    • 15th Sep 17, 12:18 PM
    • #6
    • 15th Sep 17, 12:18 PM
    OP if you ring the HMRC and tell them what extra you earnt and what expenses should be deducted from that they will probable just collect the tax by altering your tax code. As you have a job paying tax as PAYE it will be repaid through this.
    Originally posted by Kynthia
    Is the correct answer. You don't need to register for self employment or complete SA returns just to declare small amounts of casual income.
    • Guest101
    • By Guest101 15th Sep 17, 12:23 PM
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    Guest101
    • #7
    • 15th Sep 17, 12:23 PM
    • #7
    • 15th Sep 17, 12:23 PM
    Is the correct answer. You don't need to register for self employment or complete SA returns just to declare small amounts of casual income.
    Originally posted by Pennywise
    But would they not then assume that every year and the op have difficulties down the line?


    I'm not saying they couldn't sort it again, just again seems like hassle
    • Dazed and confused
    • By Dazed and confused 15th Sep 17, 3:32 PM
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    Dazed and confused
    • #8
    • 15th Sep 17, 3:32 PM
    • #8
    • 15th Sep 17, 3:32 PM
    I'm sure if the op has the wherewithal to have a full time job and income on the side they would be quite capable of explaining to HMRC that this was a one off which they need a bill for and no alteration needs to be made to this year's tax code.

    Normally in this situation a calculation will be sent for last year and the tax will be collected through next year's tax code, they won't start collecting it part way through a year (not when the income is for a previous year anyway).
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