We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Employed and self employed

I have been in full time employment since Sept 2011. I have been self employed since 2004 doing mystery shopping.

Since becoming full time employed, the mystery shopping brings in no more than £250 pa. I have let HMRC know this several times. :(

I still complete a self assessment each year for the mystery shopping. Yesterday I received an NI demand for £70.20.

1) Do I owe this much in NI for £250 extra income?
2) How do I get HMRC to stop chasing me for this money and actually update my record?
Who made hogs and dogs and frogs?

Comments

  • As self employed you have to pay NI.
    You have to pay a set amount per week PLUS a % of your years profits.

    Even if you don't make any profit you have to pay the weekly amount which I presume is what they have billed you for.

    I expect you won't need to pay this as long as you are paying NI on your employment job. but hopefuuly somebody else will confirm this or come up with a link for more info..
  • bylromarha
    bylromarha Posts: 10,085 Forumite
    I've been Money Tipped!

    I expect you won't need to pay this as long as you are paying NI on your employment job. but hopefuuly somebody else will confirm this or come up with a link for more info..

    Last time I actually spoke to a human, I was told that as I was paying NI in employment, I didn't need to pay it in SE.

    Which is why it's annoying I'm still getting these demands - and the phone call earlier told me to look at the website.

    The websites' only option is to deregister as self employed - which I don't want to do!
    Who made hogs and dogs and frogs?
  • zygurat789
    zygurat789 Posts: 4,263 Forumite
    Part of the Furniture Combo Breaker
    As self employed you have to pay NI.
    You have to pay a set amount per week PLUS a % of your years profits.

    Even if you don't make any profit you have to pay the weekly amount which I presume is what they have billed you for.

    I expect you won't need to pay this as long as you are paying NI on your employment job. but hopefuuly somebody else will confirm this or come up with a link for more info..

    You do NOT have to pay NI if
    In the case of class2 you earn less than £5725 and apply for
    exemption
    In the case of class 4 when profits are less than £7755.

    If you earn more than £5725 you owe class 2 and if you are employed you ALSO have to pay class 1 as well until you are earning well over £41450.
    The only thing that is constant is change.

  • I expect you won't need to pay this as long as you are paying NI on your employment job. but hopefuuly somebody else will confirm this or come up with a link for more info..

    The fact that the op is also employed most definitely does not mean that the op is exempt from either Class II or Class IV NIC contributions.

    I do agree that the bill is for Class 2 though - 26 weeks at £2.70.

    The op should have applied for small earnings exception - see below.

    http://www.hmrc.gov.uk/forms/cf10.pdf
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.