The Book-keepers Forum (BKF)

Post Info TOPIC: Full Time Contact and Self-Emplyed - tax code


Newbie

Status: Offline
Posts: 4
Date:
Full Time Contact and Self-Emplyed - tax code


Hi

Today I've registered as self-employed but I am not going to leave my permanent work (full time contract). At this moment I have on my payslips tax code 1000L. Should I tell to my employer that now I have been registered also as self employed? Will they change my tax code to BR?

Best greetings,

mat



__________________


Expert

Status: Offline
Posts: 1963
Date:

Hi Mat,

no leave it is it is since your employed work is your main income you should allocate your personal allowance against it. Obviously you will have used your PA up during the year so any profits made from your self employment will be taxable from the first £1, so try to make a provision for this. Good luck with the new venture!

__________________
Rob
www.accounts-solutions.com
Page 1 of 1  sorted by
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About