Any Advice ... Working for a company but paying own Tax & NI

zygurat789

CLAPTON wrote: »

from what you say you would have to register with HMRC as self employed

you would need to pay class 2 NI contribution by DD as you will be above the 'small earnings exemption ' level

you would then need to fill in self assesssment form (or online) the following year

so if you started working in (say) May 2010 you would need to fill in the tax form by end of January 2012

you would then need to pay tax on your 'profit' and class 4 NI contributions

But starting from May 2011, and since it will be your first you will have a bit of learning to do I wouldn't leave it anywhere near as January. Just see this board there will be plenty of others with the same problems.

maggiesden

CLAPTON wrote: »

from what you say you would have to register with HMRC as self employed

you would need to pay class 2 NI contribution by DD as you will be above the 'small earnings exemption ' level

you would then need to fill in self assesssment form (or online) the following year

so if you started working in (say) May 2010 you would need to fill in the tax form by end of January 2012

you would then need to pay tax on your 'profit' and class 4 NI contributions

Thanks for the info, I think I will give this offer of a job a miss and try and find something else which doesn't involve too much paperwork to sort out!