2nd job tax total beginner at this

JoJoBramble102

Hello, I am a band 6 theatre nurse and earn £44900 a year. I have been asked to join an agency to do extra lists at the weekends, it is in the same hospital with the same surgeons etc.

The rate is £400 per session. I need to sort out my tax on this extra income, so I will need to fill out a self-assessment.

I will probably only do one or two sessions before the end of this tax year.

Do I need to register as a sole trader? 
Can I pay tax each time I'm paid or do I pay it one lump?
Do I pay NI on this income as well?

I appreciate any help you can provide.

Dazed_and_C0nfused

JoJoBramble102 said:

Hello, I am a band 6 theatre nurse and earn £44900 a year. I have been asked to join an agency to do extra lists at the weekends, it is in the same hospital with the same surgeons etc.

The rate is £400 per session. I need to sort out my tax on this extra income, so I will need to fill out a self-assessment.

I will probably only do one or two sessions before the end of this tax year.

Do I need to register as a sole trader? 
Can I pay tax each time I'm paid or do I pay it one lump?
Do I pay NI on this income as well?

I appreciate any help you can provide.

If an agency is arranging this why aren't you on PAYE?

Your thread title even refers to a second "job".

eskbanker

What's the basis of your engagement with the agency?  If you're registering with them as an employee then they'll presumably pay you via their payroll system and deduct tax via PAYE, and NI too, but if it's a different relationship (the hospital may also influence this) then that may not apply....

comeandgo

Will you not be an employee of the agency and they deduct the tax and any nic?

JoJoBramble102

They are an association of anaesthetists who provide and organise the weekend lists and the staff are paid through them but we have to pay our tax on the money received, it works out cheaper for the trust than paying overtime. they don't provide any accounting you have to do it yourself.

They got fed up with being paid (very) late by the hospital if they did it as overtime and they got fed up with surgeons over running so they took charge of it and 'sold 'the service back to the trust it's been running for about 2 years. and appears to work well so I decided to join.

Bookworm105

JoJoBramble102 said:

They are an association of anaesthetists who provide and organise the weekend lists and the staff are paid through them but we have to pay our tax on the money received, it works out cheaper for the trust than paying overtime. they don't provide any accounting you have to do it yourself.

They got fed up with being paid (very) late by the hospital if they did it as overtime and they got fed up with surgeons over running so they took charge of it and 'sold 'the service back to the trust it's been running for about 2 years. and appears to work well so I decided to join.

but on what basis are you paid?
- submission of an invoice to "the association" or direct to the trust?
- or they put money in your account?

employee v self employed is a very emotive topic and involves a fair degree of judgemental opinions 
Employment status: Self-employed and contractor - GOV.UK

JoJoBramble102

I'm not 100% sure yet. I am not due to do any work for them until 16th Feb. I had to send a CV, proof of address, proof of NMC registration, and two forms of ID. I think I will be paid through them. They are called HEYAS. It will not be on my payslip from the trust. I don't know if I have to send an invoice. 

Flugelhorn

Looking at HEYAS website they have a link to "submit invoice" so presumably that is how they are running things - just be careful that it doesn't end up with HMRC treating you as employed and them as employers (they would need to pay NI and holiday pay etc etc)

eskbanker

JoJoBramble102 said:

I'm not 100% sure yet. I am not due to do any work for them until 16th Feb. I had to send a CV, proof of address, proof of NMC registration, and two forms of ID. I think I will be paid through them. They are called HEYAS. It will not be on my payslip from the trust. I don't know if I have to send an invoice. 

If you're planning to join forces with them, and are already going through various administrative processes, can't you ask them for details of how the employment/pay situation is handled?

TheSpectator

Be very wary of these schemes, they are often tax avoidance schemes. 

Bookworm105

JoJoBramble102 said:

I'm not 100% sure yet. I am not due to do any work for them until 16th Feb. I had to send a CV, proof of address, proof of NMC registration, and two forms of ID. I think I will be paid through them. They are called HEYAS. It will not be on my payslip from the trust. I don't know if I have to send an invoice. 

then ask them to explain the basis of how you get your money before you do any work for them!

there are only 2 possibilities:
- you will be an employee of HEYAS and be paid through their own payroll and get a payslip from them after they deduct all taxes as usual for an employee. You do not need to do a tax return nor register as self-employed (SE).
or
- you will be a SE "contractor" who accepts work from them but is not employed by them, so has to get your money by sending them an invoice. You will then handle your own taxes by registering as self employed and submit an annual tax return (which covers all sources of income, not just your SE).

If the latter applies, make sure you get an acknowledgement from them that they have HMRC confirmation that the contracts they issue to you for each bit of work have been approved as genuine self employment, not "false" SE.

the "submit invoice" link on their website may of course be poor choice of wording and means timesheet, not invoice. Your questions to them will instantly resolve that.