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how to declare extra income

Dupont · 2012-09-09 20:38:04

hi there. i am currently in full time enployment but earn a small amount on the side was wondering what way to go about declaring the extra income so im not doing anything illegal. at a guess income would be 1-3 k.

09-09-2012 8:38pm

#1

Dupont

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hi there. i am currently in full time enployment but earn a small amount on the side was wondering what way to go about declaring the extra income so im not doing anything illegal. at a guess income would be 1-3 k.

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#2 09-09-2012 9:13pm

barneystinson

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Dupont wrote: »

hi there. i am currently in full time enployment but earn a small amount on the side was wondering what way to go about declaring the extra income so im not doing anything illegal. at a guess income would be 1-3 k.

If the income is less than 3,174 then a Form 12 is the way to go.

Otherwise you're into registering as a self-assessment taxpayer who has to file a Form 11, pay preliminary tax, and everything is generally more involved...

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