Second job

comeandgo

CIS contractors usually have a tax deduction but nothing for NIC is taken.

Matt_22

Ah thanks, so getting paid this way wouldn't be an issue?

Dazed_and_C0nfused

Matt_22 said:

Ah thanks, so getting paid this way wouldn't be an issue?

No, perfectly normal.  Don't forget to register for Self Assessment though as you will need to file a tax return each year you are self employed.

Matt_22

Dazed_and_C0nfused said:

Matt_22 said:

I work in construction someone also mentioned getting paid by C.I.S? I think this means they take the tax and national insurance off before they pay you?

CIS is for people who are self employed running their own business, not employees.

It may make it awkward as I am employed if getting paid for say 2 weeks via CIS. College summer holidays 

Matt_22

Would it be plausible to get paid by CIS for a period of 2 weeks if got a second job. Or not worth the hassle?

Dazed_and_C0nfused

Matt_22 said:

Would it be plausible to get paid by CIS for a period of 2 weeks if got a second job. Or not worth the hassle?

It wouldn't be a second job though, you would be self employed.

The potentially good news is that claiming the trading allowance (on your Self Assessment return) is likely to mean you can end up with no (or very little) profit and therefore get a refund of any tax deducted at source.

Matt_22

So you have to register with CIS I'll have to look in to it 

comeandgo

yes you have to register and complete self assessment and any forms HMRC give you.  What is it exactly you will be doing as not all construction activities need to be CIS tax deducted.