Self employeed, and full time job - TAX?

csingleton

I have my own small business and pay NIC every quarter and tax every year.

I also have another full time job and they deduct my NIC and tax.

Should I ask my employer to stop deducting me, so i can declare tax and nic myself?

if i did, would i be paying more or less tax and nic?

thanks in advance

Bean_Counter

Your employer will be obliged to keep on deducting class 1 NI from your salary.

However, you can apply to suspend class 2 NI and for a refund overpaid NI.

Here's a link to the HMRc website to get you started:

http://www.hmrc.gov.uk/nic/refund.htm

or call them on one of these numbers:

http://www.hmrc.gov.uk/nic/help-orderline.htm