PAYE and self employed

fullback3

Hey guys I'm hoping someone can help me out with this quick question. I've just started working shift and I have some time off during the week, is it possible to work for myself and not impact my tax or should I set myself up as a sole trader or a limited company.

Citizenpain

All income needs to be declared for tax

if it's less than about 3k income after expenses you'll get away with a simple form 12 filing. otherwise ; self employed

relax carry on

fullback3 wrote: »

Hey guys I'm hoping someone can help me out with this quick question. I've just started working shift and I have some time off during the week, is it possible to work for myself and not impact my tax or should I set myself up as a sole trader or a limited company.

You can do whatever you want, however any additional income must be declared for tax purposes. You can set up as a sole trader or limited company depending on the nature of your business and likely turnover. If you are serious about doing some self employment work, then seek the advice of a professional before you start.

liamfrancis

I was just thinking the same thing? Who would someone have to contact "professionally" tax accountact???