Tax: Sub contractor

Fendtro11 · 2016-09-15 17:42:04

Hello, Could someone lend some advice on this? I work full time but have been offered some extra work (8days a month) as a subcontractor, how best could I handle this with revenue? Thanks

15-09-2016 06:42PM

#1

Fendtro11

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Hello,
Could someone lend some advice on this? I work full time but have been offered some extra work (8days a month) as a subcontractor, how best could I handle this with revenue?

Thanks

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#2 17-09-2016 01:35PM

gerrybbadd

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Posts: 9587

Fendtro11 wrote: »

Hello,
Could someone lend some advice on this? I work full time but have been offered some extra work (8days a month) as a subcontractor, how best could I handle this with revenue?

Thanks

If the annual income from non PAYE Sources in less than 5K, you can declare the income on a Form 12 tax return. If over 5K, you need to register as self assessed, and complete a Form 11

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#3 17-09-2016 01:41PM

Pawwed Rig

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Posts: 21174

What kind of work is it ? There could be all sorts of issues here with VAT and RCT.
Otherwise as above you will have to file a Form 11. Be careful of your cashflow.

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