clueless

Nual

I have never earned anything outside of PAYE, and have recently been asked to do a teaching session with a policy unit. I would take leave from my day job to do it, but have no idea what to charge as a fee or what I do about tax. I am assuming I would need to fill in a self assessment form but when?

I am keen to do this as it may lead to more sessions and would look good on my CV, but am a bit daunted by the complications.

p00hsticks

You may be better looking / posting on the 'small business' board here

http://forums.moneysavingexpert.com/forumdisplay.php?f=27

27col

If you don't know what your time is worth then how do you expect strangers on a forum to know.

agrinnall

A basic starting point would be twice your hourly PAYE rate, but without knowing how the temporary work is related to what you do the rest of the time that could be under- or over-selling your skills.

TheCyclingProgrammer

Assuming it's a one off or something that is likely to only happen infrequently on request (i.e. You aren't actively seeking this work) then it's unlikely that you would be considered trading and therefore there's probably no need to register as self employed.

However as you rightly say, the income does need to be reported and this may mean registering for self assessment depending on how much money is involved. Up to a certain amount HMRC may be able to collect the tax by adjusting your tax code.

You need to ring HMRC and inform them that you expect to receive a small amount of one off freelance income, that you have no intention to trade but want to report the income so that it is taxed correctly. They will inform you of you need to register for SA or not.

If you do, then you would need to fill out an employment sheet for your main job and then add the freelance income into the box provided for any additional income on the tax return. There is also a box for related expenses so if you so if you do incur any expenses you may be able to get tax relief on these depending on what they are.

If you do consider doing this on a regular basis and actually try and make a living from it then you will at that point need to register as self employed.