Am I self-employed or employed?

Stoke

Hello,

So I have a little, but potentially quite a unique little problem. I am considering applying for finance on a piece of audio equipment. No particular reason other than its interest free. I could pay for it all now, but..... why? They want to know my employment status. Am I employed or self employed?

My employment situation is kind of odd: I am a full-time employee of a company that pay me a salary. Nice and simple. On the side, I also do a specialised form of contracting twice a week, for which I invoice the company.

The complicating thing, is the contracting actually pays significantly more than my full-time job, even though it's just a part-time thing. That's down to circumstances mainly, but it means that my 'little bit on the side' is in reality my primary source of income when all is weighed up.

Am I technically self employed or a permanent employee or another company? I can't really work it out.

And no, I'm not a drug dealer..... why the hell do I keep getting asked that when I explain my situation to people :rotfl:

Samsung_Note2

Go with employed...much easier.

Tallaght

Are you a DJ ?

National_Debtline

Hi Stoke,


If you are required to do your own tax return for the contract work, then you are self employed, and work as a full time PAYE. You should ensure that you declare the correct information on the application form, otherwise you could be accused of obtaining the finance fraudulently.


Laura
@natdebtline

Stoke

Tallaght wrote: »

Are you a DJ ?

Actually no, but incidentally that's a great way to earn good money on the side. I know someone who does it.

National_Debtline wrote: »

Hi Stoke,


If you are required to do your own tax return for the contract work, then you are self employed, and work as a full time PAYE. You should ensure that you declare the correct information on the application form, otherwise you could be accused of obtaining the finance fraudulently.


Laura
@natdebtline

There is only Self employed or Full-time. I don't have the two options combined. Obvious if the contracting work ends, i go back to being a standard full-time employee so does that help?

sparkey1

Declare full time income at the correct full time salary, as you can prove that via pay statements.

If you have an option to record additional income in an additional income box, do that. Explain that is for additional contracting work if it gives you the option to state where it comes from.

Dont merge the two forms of income.

If you get refused, so be it. As you have said, you can afford it anyway.

Stoke

I ended up just buying it cash in the end. Was too bloody complicated explaining my employment circumstances to them.