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Tax and self employed contractor
QuestionsQuestions
Posts: 42 Forumite
Hi.
i have just got a job that is a fixed term contract as a consultant with maximum earnings of 7,500 from now until July 2013 (when contract ends). What is my responsibility in terms of tax and National insurance as i will not be earning above the personal threshold and it spans 2 tax years e.g. 2012/2013 up to april and 2013/2014 up to april 2014.
Also how will this affect my tax credits at the moment my husband qualifies on a wage of approx 30k and we have 3 kids.
any advice or help with this would be brilliant
Thanks
i have just got a job that is a fixed term contract as a consultant with maximum earnings of 7,500 from now until July 2013 (when contract ends). What is my responsibility in terms of tax and National insurance as i will not be earning above the personal threshold and it spans 2 tax years e.g. 2012/2013 up to april and 2013/2014 up to april 2014.
Also how will this affect my tax credits at the moment my husband qualifies on a wage of approx 30k and we have 3 kids.
any advice or help with this would be brilliant
Thanks
0
Comments
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you will have to advise HMRC so speak to them now0
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