Tax on multiple jobs

hellojohn8doe7

I am not sure if I am posting in the correct thread, but will appreciate some guidance or signposts to below:

If someone is in a full time employment and wants to have another source of income through say being an Uber driver or any other self-employed job, how will the tax situation work?

From being in full time employment only, the person tax will be deducted through PAYE and due to no other income source, the person will not be completing a self-assessment.

However when they start some other job, how will their tax situation change? Assume the person in not-employed in the new job but is using some online marketplace which connects service provider to service consumer.

Will there be a difference if the money coming in their bank account (after deducting commission from online platform) is a. Less than £1000, or b. Greater than or equal to £1000

Thanks!

comeandgo

If that person is employee then the employer will get a tax code which will rate the tax deducted. If self employed you will have to register as such and complete yearly tax returns and pay any tax.

hellojohn8doe7

If that person is employee then the employer will get a tax code which will rate the tax deducted. If self employed you will have to register as such and complete yearly tax returns and pay any tax.

- Thanks! I am looking for situation where the person is both, full-time employed during day hours on weekdays and then doing other paid work in evenings or weekends.

comeandgo

Then employer will deal with PAYE, for day job and you will deal with evening job as self employed. Many people do it, you can be both.

hellojohn8doe7

you will deal with evening job as self employed

- is there a threshold amount of income from evening/weekend job before one has to declare (?) as self-employed?

Dazed_and_confused

£1,000 (turnover not profit). Assuming you are eligible to claim the Trading Allowance. You normally will be unless the self employment is connected to the PAYE employment.

Once you have have turnover in excess of £1,000 you will need to notify HMRC