Can you be employed AND self-employed at the same time?

D4WNO

I was thinking of applying for a job with AQA but I already have a full time day job working for a Ltd company, can I work part-time self-employed also?

Would this also affect the tax I'd pay as I understand you can earn a certain amount before paying tax, would this have to include my day job wages or would that amount be excluded as its a different type of employment?

LittleVoice

You can indeed be both self-employed (dealing directly with paying income tax on that income) and employed (paying tax under PAYE).

Your combined income (SE and PAYE types) is used to work out your total tax bill, so your tax-free allowance is deducted from the total earnings. As you have a full-time job, your basic tax-free allowance will be applied to those earnings proportionately through the tax year.

D4WNO

Excellent, thanks for your help

I'm trying to find the direct debit payment form that is supposed to be attached to the self employment registration form online but to no avail

villeroy1502

I had the same thing last year, and my accountant sent me this:

[FONT=&quot]Status Tests (a balance of)[/FONT]

• [FONT=&quot]Can you send substitute to do the work? [/FONT]
• [FONT=&quot]Is work carried out for more than just one or a very small number of clients? [/FONT]
• [FONT=&quot]Are invoices raised by reference to the job rather than hours worked? [/FONT]
• [FONT=&quot]Do you use your own equipment? [/FONT]
• [FONT=&quot]Are materials supplied by you? [/FONT]
• [FONT=&quot]Is public liability insurance in place? [/FONT]
• [FONT=&quot]Can you work at times to suit you? [/FONT]
• [FONT=&quot]Is their a financial risk if you do the job wrong? [/FONT]
• [FONT=&quot]Is holiday and sick pay paid to you by the client? [/FONT]
• [FONT=&quot]Do you have the option to turn down work offered and does the client have the option not to offer work? [/FONT]
• [FONT=&quot]How long have you been working for the client? [/FONT]
• [FONT=&quot]Does the client control how you do the work? [/FONT]
• [FONT=&quot]Do you work from your own premises? [/FONT]
• [FONT=&quot]Do you correct defective work in your own time, at your own cost? [/FONT]
• [FONT=&quot]Is there a notice period to end the arrangement? [/FONT]
• [FONT=&quot]Is each side obliged to offer work and accept the work? [/FONT]
• [FONT=&quot]Are any company type benefits provided to you by the client? [/FONT]
• [FONT=&quot]Does your company advertise your services elsewhere? [/FONT]
• [FONT=&quot]Does your company have its own business stationery? [/FONT]
• [FONT=&quot]Are invoices raised for all work? [/FONT]
• [FONT=&quot]What was the intention of the parties in forming the contract? [/FONT]

[FONT=&quot]Don't ask me what the net outcome is but he is going to save my answers incase of an Inland revenue inspection.[/FONT]
[FONT=&quot]
[/FONT]
[FONT=&quot]I also sent him my salary & asked him to work out my net income on both BR (basic rate) & with a tax code. I opted for BR as this would be off set against my tax bil in Jan 08. [/FONT]

Andy_L

D4WNO wrote: »

I was thinking of applying for a job with AQA but I already have a full time day job working for a Ltd company, can I work part-time self-employed also?

Yes, unless your contract with the Ltd company prevents/limits other jobs

hopon

D4WNO wrote: »

Excellent, thanks for your help

I'm trying to find the direct debit payment form that is supposed to be attached to the self employment registration form online but to no avail

It's here

D4WNO

You are a star, thank you! I could only find bits of the form on the HMRC website

chrisbur

If your part time earnings are low you may not have to pay any national insurance.

Self-employed in your spare time
[FONT=ITC Stone Sans,Stone Sans]You have to pay Class 2 contributions if you are self-employed in your spare time. This applies even if you are also paying Class 1 earnings related contributions as an employee, or office holder. But you do not have to pay Class 2 contributions if you apply for and are granted a Certificate of Small Earnings Exception.
[/FONT]
Do I have small earnings?
[FONT=ITC Stone Sans,Stone Sans]You will be classed as having small earnings and may not have to pay Class 2 contributions, if your earnings, that is money left after expenses

• were less than £4,465 for the period from 6 April 2006 to 5 April 2007, and/or
• are expected to be less than £4,635 in the tax year period from 6 April 2007 to 5 April 2008.

[/FONT]

PokerPortal

I have been employed and self-employed for a few years. Calculating the tax is easy. The only confusing bit is the National Insurance contribution. I pay class 1, class 2 and class 4. I have always found HMRC very helpfull.

missyg_3

When it's time to do your tax return, you'll have to fill in the supplementary pages for both your employment and self employment. I'm sure you already do this, but make sure you keep your payslips/P60 so you can declare any tax you have already paid during the year.

As another poster mentioned, do check that your day job allows you to take on secondary employment.

Good luck.

LittleVoice

Unless your AQA work were in some way in competition with you day job or was taking so much of your time that you were too tired to work properly at the day job, it is unlikely that your employer could stop you doing the AQA work. Some employers do have terms which try to exclude your doing any other work, but this would be difficult to enforce as it would be restricting your ability to earn.