Tax on short term period of extra work

rvail

I would like to ask advice regarding registering as self employed for a second job.

I work full time and paid via PAYE 25K.

I have worked for a local company for the last 3 month earning approx £200 a month. This will stop in Jan and will not occur for the forseeable future.

I have read guidance and intend to register self employed BUT..

I am starting a new job with a new employer in January. Will this period of additional work end up changing my tax code etc with my employer?

Once I am registered self employed , what happens if i do not actually work self employed for a year +? do I un register or simply leave it alone ?

Many thanks for your help.

R

Mikeyorks

It sounds as though you have (as your first sentence) a second job ..... rather than being self employed? As such the £200pm employer should have operated Code BR and deducted tax at 20%.

There's a status check here that will help with a focus .... as being self employed isn't something that you and the person paying you the £200 can simply decide between you :-

http://www.hmrc.gov.uk/working/intro/empstatus.htm

Unfortunately as this sounds to be employment income ...... you can't normally just get it coded out even though you're under the £2500 threshold :-

http://www.hmrc.gov.uk/incometax/ways-to-pay.htm#5