I haven't paid tax on work outsde my job and I'm bricking it!

imuselesswithcash

Hi there - let me get this across right now - I DON'T want to break the law, hence me posting on here for advice. So say I set up as a sole trader tomorrow - fill in a return this weekend on £8000 over two years - how much as a guess am I looking at paying back. I want to keep the tax man on my side and don't want any nasty surprises!

fengirl_2

The tax on £6000 will be £1200 assuming you are a basic rate taxpayer. This is not payable until 31 Jan 2010.
The tax due for this year is not due until 31 Jan 2011 -read my original post.
Don't register as self employed, just ring and say you need to self assess for 08-9 and declare the income as casual fees.
You are not yet in arrears with any of your tax liabilities.

MrCarrot

Enjoy writing out a cheque for £1200.

I'll be popping over for dinner tomorrow, hope you don't mind footing the bill. :beer:

As others have implied, it's breaking the law not to pay the tax, and obviously that is wrong :A

imuselesswithcash

Okay - that's decided - I'll call the Self Assessment people - declare it as casual fees and do the right thing. Thanks for the advice Mr Carrot but I can't live on eggshells. However all opinions and advice is appreciated

00ec25

imuselesswithcash wrote: »

Okay - that's decided - I'll call the Self Assessment people - declare it as casual fees and do the right thing. Thanks for the advice Mr Carrot but I can't live on eggshells. However all opinions and advice is appreciated

well done
thankfully there are still some honest citizens left in this country who accept that taxes pay for the servies we all use at sometime or other during our lives
what a shame that the next time MrCarrot needs the NHS, it won't turn him away and instead I will foot his bill for him :A

MrCarrot

00ec25 wrote: »

well done
thankfully there are still some honest citizens left in this country who accept that taxes pay for the servies we all use at sometime or other during our lives
what a shame that the next time MrCarrot needs the NHS, it won't turn him away and instead I will foot his bill for him :A

That's making a heck of a lot of assumptions about both the services I use and the amount I pay in tax.

imuselesswithcash

I'm not making any assumptions MrCarrot - all advice has been taken in and I appreciate it. Cheers everyone

MrCarrot

imuselesswithcash wrote: »

I'm not making any assumptions MrCarrot - all advice has been taken in and I appreciate it. Cheers everyone

Sorry, my comment was aimed at 00ec25, not you.

And for the record I was in exactly the same position as the OP 10 years ago, and I declared the income. I probably wouldn't do the same now, but that's my personal choice.

Good luck!