Self-employed+ one-off job - which P46 option?

ChasingtheWelshdream

My accountant's office is closed so I can't ask them, but I need to complete a P46 this weekend for a one-off temporary job. I will only earn around £300.

I am self-employed but am unsure if my earnings will be above the personal allowance this year, as I may have a loss that can be carried over. (Probably the wrong terms, that's why I have an accountant!)

Searching through HMRC, it says that I should tick Option B, as my self-employment counts as another job and so that the tax can be apportioned properly.

Is that still the correct option when I do not know my self-employed earnings yet? I did another temporary PAYE job that didn't request a P46 (election duties in May). Tax was deducted and then refunded a few weeks later, which is why I am unsure.

I would assume either way, that it would be rectified in my self-assessment but I don't want to fall foul of any rules.

I would ask my accountant if it wasn't for needing the form completed by tomorrow.

Any pointers please? And thank you!

Dazed_and_C0nfused

Whether you tick A or B is likely to be irrelevant as the emergency code (1257L) will be used whichever of those you choose.

The first £1k/month will be paid without tax being deducted. Just remember to enter it on your tax return in due course.

ChasingtheWelshdream

Thank you, I will tick option B. I was worried that I could fall foul of some rule if I selected the wrong option, so that is good to here.

LITRG

Hi ChasingtheWelshdream

I appreciate you may have already completed the form. For future reference, you may wish to look at our guidance on completing the Starter Checklist (formerly P46):

Starter checklist | Low Incomes Tax Reform Group

I hope this is helpful.

Best wishes