Is it possible to be Part-time employed and self employed?

Budweiser_072000

Hi

Im currently working 1 day a week and i cant get any more hours, is it possible to also be self-employed to earn some extra money as long as i declare my tax??

whitewing

Yes.

(You need to register as self-employed.)

Savvy_Sue

whitewing wrote: »

Yes.

(You need to register as self-employed.)

For which you phone your local HMRC office.

Margaret_Skinner

...... or you can do it online - they have a very good section on their website.

getmore4less

You also need to make sure it is allowed under your contract of employment.

emmell

I used to work part time and was a partner in a succesful motor trading business, I didn't earn enough to pay tax and NI in my P/T job and I think you can be exempt from NI contributions for at least the first year of self employment (I may not be up to date on this as it was a few years ago). But remember you will need to keep books up to date of all your incoming and outgoings regarding your business.
ML.

Savvy_Sue

The exemption from paying self employed NICs relates to having (or anticipating) a low income from self employment. Another thing to ask the tax office.

Budweiser_072000

thanks for all the info guys.