We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
tax on 3rd job

bbelt
Posts: 117 Forumite
hi guys
i work full time and am on 20k per year. I also help out in my friends pub on a saturday night which gains me around £20 a week after tax. I have also recently started working in a local hotel.
I have a few debts which i am working hard to put behind me, i have also raised the monthly payments on a car i have on finance in order to pay it off quicker and be able to sell it privately when i get a company vehicle.
my question is will i get charged the same rate of tax on the hotel job as i do when working in the pub? or is there a rate for 3rd jobs so to speak?
thanks in advance
i work full time and am on 20k per year. I also help out in my friends pub on a saturday night which gains me around £20 a week after tax. I have also recently started working in a local hotel.
I have a few debts which i am working hard to put behind me, i have also raised the monthly payments on a car i have on finance in order to pay it off quicker and be able to sell it privately when i get a company vehicle.
my question is will i get charged the same rate of tax on the hotel job as i do when working in the pub? or is there a rate for 3rd jobs so to speak?
thanks in advance
0
Comments
-
No, the basic rate of tax is 20%, so this is the rate of tax you will pay. Only if your taxable income rises above £34700 will you be liable at 40%.£705,000 raised by client groups in the past 18 mths :beer:0
-
thank you.
i think im still a bit away from that!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 349.9K Banking & Borrowing
- 252.7K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 242.9K Work, Benefits & Business
- 619.7K Mortgages, Homes & Bills
- 176.4K Life & Family
- 255.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards