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Selfemployed, Credit Checks & PAYE
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FlyingBoomerang
Posts: 31 Forumite
in Cutting tax
I am employed and paid by PAYE in the 20% tax band, I also do a bit of sole-trading which I declare by self assement.
I am entitled to employee discount so I want to use the services of my employer, but they'll need to do a credit check, my questions are.
I am entitled to employee discount so I want to use the services of my employer, but they'll need to do a credit check, my questions are.
- Does a credit check show that I have completed a self assement, or how much I have earnt or paid in tax in for the PREVIOUS financial year?
- If I earn enough to put me into the 40% band this year, will HMRC inform my employer and tell them to charge me 40%? Or do I just pay the 40% on anything over the threshold on what I earn through self employment?
0
Comments
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credit checks contain no information from the HMRC about your earnings or tax
your self assessment will include details of your paye and your self employment; HMRC will work out your NI and tax based on your self assessment form
they will collect the tax owed directly from you; they will not involve your employer0 -
Thanks so much. Basically I do quite a lot of gardening during the summer which nets me a nice little earner, so selfemployed if you were (not a business). I just didn't want my employer to do a credit check on me only to find that I did a self assessment for last year!0
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