Self employed but 2 jobs!?

Sallmay

Hi can anyone tell me how I go about tax etc, I have 2 jobs I running my own it business--sadly don't earn enough to pay tax (yes that small!) but now i've got another job delivering parcels, also self employed, do I give my employer a receipt for my bank transfer wage then put it through my books as misc?? Really unsure what to do--don't want to get in trouble with Tax man or anything similar, the second job does not pay my tax or NI as im basically a contractor for them....help would be appreciated. Thanks.

giblet1979

Hi,
I'm not sure regarding your question - it may depend on how much you are earning overall.
Probably the best thing to do would be to ring the tax office and ask? I'd have your wage slips (if you get them) from both jobs, and just see what they say?
The number (from the website) is: 0300 200 3300
Hope this helps.

Taxes Helpline
Opening hours: 8.00 am to 8.00 pm, Monday to Friday
8.00 am to 4.00 pm Saturday
0300 200 3300

HappyMJ

Sallmay wrote: »

Hi can anyone tell me how I go about tax etc, I have 2 jobs I running my own it business--sadly don't earn enough to pay tax (yes that small!) but now i've got another job delivering parcels, also self employed, do I give my employer a receipt for my bank transfer wage then put it through my books as misc?? Really unsure what to do--don't want to get in trouble with Tax man or anything similar, the second job does not pay my tax or NI as im basically a contractor for them....help would be appreciated. Thanks.

You have some words in your post they may indicate you are not self employed. Such as "my employer" and "bank transfer wage". If you are genuinely self employed you don't have an employer and you don't get a wage.

The correct way of doing it would be to raise an invoice for the work completed then the client pays you. You can optionally choose to give the client/customer a receipt but that isn't required. The client will use the invoice you generated to claim as an expense against tax.

Eliza_2

Yes, agree with HappyMJ, have a look at the HMRC checklist to see if you are really self employed, it sounds to me as if you are employed and so the responsibility for NI etc should fall with your employer. http://www.hmrc.gov.uk/employment-status/

I'm self-employed and produce an invoice for the work I've done that month to the people I work for, and my tax is taken care of via self assessment once a year. I'm a bit concerned you don't pay any NI at all, you'd need to check the regulations about this, I don't pay as I'm over pensionable age so not very clued up on it, but pretty sure you should. Check this or you could find yourself without a pension etc.

Quite a lot of employers try to wangle their way out of paying NI and tax by saying their workers are self employed whereas in reality they have the status of employee.

antrobus

Sallmay wrote: »

Hi can anyone tell me how I go about tax etc, I have 2 jobs I running my own it business--sadly don't earn enough to pay tax (yes that small!) but now i've got another job delivering parcels, also self employed, do I give my employer a receipt for my bank transfer wage then put it through my books as misc?? ....

Put it through your books as 'parcel courier income'.

Give your employer/customer whatever they ask for in terms of documentation. If you are doing work for a courier company, they may well not ask for anything.

Sallmay wrote: »

...Really unsure what to do--don't want to get in trouble with Tax man or anything similar, the second job does not pay my tax or NI as im basically a contractor for them....help would be appreciated. Thanks.

Why would you get into trouble with HMRC? You're going to include your new income stream in your next self assessment return aren't you, so it's all going to be taxable and above aboard. And your expenses, of course. Are you going to be using your own car in this courier business?

Do you have an accountant?

Do not worry about whether or not you are really self-employed or not. If your 'employers' state that you are self-employed, take that as gospel. If HMRC ever have a reason to question your status it will be your 'employers' problem, not yours.