Full time job, now getting extra income HMRC HELP

stevieh59

I have been pondering over this for ages.

I'm currently in full time employment, I'm now also now starting to pick up other (Graphic design) based work. I've spoken to many people over this and I cant seem to get a consistent answer.

I want to declare this income, so can I just do a self assessment form and then pay the tax required. I did try to register, but it asked for my UTR, which I don't have of course. Do I need to be registered self employed for this.

If I become self employed (as well as being fully employed) will my Employer find out?

If self employed then I will need to get insurance check the mortgage to see if I can work from home in evenings, insurance for work that may lead to court actions.

Would a Bank be the best place to seek advice, or HMRC, (mind you they confuse me) - 2 people said WAY to different things

katy-lou

edited out

RoxyK

Your bank won't be able to help, but the tax office should. You could also call the self-employed helpline - I called them before I became self-employed. I don't see why your employer should find out unless it affects your tax code but again the tax office should know.

It does sound that you now have an additional income and are actually self-employed. By law you have to register as S/E within 3 months. It's very easy BTW.

You 'should' check with your insurance if you're covered especially if you have an office room, and if you think you need public liability ins etc. you will need to arrange that.

Hopefully someone more qualified that me will come along........or maybe pose your tax & SE questions on the Employment forum.

HTH:)

LindsayO

As for as the tax man is concerned they will want you to pay NI and taxes.
For NI you need to register, but you may be exempt (if your earnings are low enough)
Here is a link to two forms, one to register the other to claim exemptions from paying NI
http://search2.hmrc.gov.uk/kbroker/hmrc/forms/search.ladv?sr=0&as=1&cs=UTF-8&sc=hmrcforms&sf=&sm=0&nh=10&ha=19&fl1=category%3A&op1=1&ty1=0&tx1=2844&tx3=2829&fl3=doctype:&op3=1&ty3=0
No specialised info needed other that NI number
For taxes you will need to fill in the self-assessment form

For home insurance you should contact you home insurance company and see if you are covered to work at home.
I can't answer you other question about liability insurance, but your home insurance provider may be able to offer you some advice.

I don't know if your employer will find out, I don't see why they should though