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Tax on second income
misspixierocktastic
Posts: 1,007 Forumite
in Cutting tax
Hi there
I'm hoping a knowledgeable sort might be able to hel
I have a full time 9-5 job at 14,000 a year
I'm not taking a second job out however i plan to be earning an extra £100 a month from slice the pie (its a music review website)
Does anyone know if i have to pay tax on this ?
Obviously if its something i shopuld be declaring then i will need to go through the right process for it
I'm hoping a knowledgeable sort might be able to hel
I have a full time 9-5 job at 14,000 a year
I'm not taking a second job out however i plan to be earning an extra £100 a month from slice the pie (its a music review website)
Does anyone know if i have to pay tax on this ?
Obviously if its something i shopuld be declaring then i will need to go through the right process for it
0
Comments
-
You just need to contact your tax office and let them know that you have this additional income.
If necessary they will arrange for you to be sent a self assessment form which you complete with your earnings. You can complete these online and they calculate immediately if you owe any tax or not.
HTH0 -
I know nothing about slice the pie but
On an income of 100 per month you will pay 22% tax and will be coded BR.
You will count as self employed for this income and you need to inform the HMRC within 3 months of starting.
Your normal 'day' job will be unaffected tax wise.0
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