Alis girls Posted April 8, 2010 Share Posted April 8, 2010 I have a main job as a nurse for 18 hours a week which i am not happy in and am thinking of taking a job as a party consultant running parties selling candles and other nice goodies. I am in training at present - all a bit daunting. I want to do 1-2 parties a week just for a bit of extra dosh. I dont want extra hours at the place i work as its just stressful and I dont like the bosses. Just to add I'm not alone so its not just me. Question is I think I will have to get accountant - how much do you get taxed on second job? Obvioulsy there will be expences so will have to keep recipts etc. I have thought long and hard about this and its what I want to do. Any advice would be gratefully received Quote Link to comment Share on other sites More sharing options...
rabbitfluff Posted April 8, 2010 Share Posted April 8, 2010 Your main job will, I assume, have used up all of your personal tax allowance, so you'll have to pay tax at 20% on your earnings from your second job. Quote Link to comment Share on other sites More sharing options...
rabbitfluff Posted April 8, 2010 Share Posted April 8, 2010 There also might be a little bit of National Insurance to pay too, but I'm really not sure how that would work with it being a second job. I should know, but it's funny how things disappear from one's head when you don't need them. I think it would be a relatively small amount though. Quote Link to comment Share on other sites More sharing options...
yvonne Posted April 8, 2010 Share Posted April 8, 2010 If the party planing actually is a job and you get a payslip and tax deducted, it should all sort itself out (you will use a code which takes into account the fact that your allowance is being used by your main job) If you are actually going to be self employed in the party planning, it may be worth a quick chat to an accountant who specialises in small self-employed businesses just to start off them I'm sure you will be fine sorting out any tax implications yourself. Quote Link to comment Share on other sites More sharing options...
sadietoo Posted April 8, 2010 Share Posted April 8, 2010 The Inland Revenue website www.hrmc.gov.uk will have further information on being self employed Quote Link to comment Share on other sites More sharing options...
Shirl Posted April 8, 2010 Share Posted April 8, 2010 Yes you need to register as self employed within 30 days (i think) of starting trading then you may need to pay NIC but not if you won't be earning much. I know someone who does Partlite and I know she doesn't make much, certainly not worth the effort of completing a tax return but that's just me lazy! Quote Link to comment Share on other sites More sharing options...
debbier Posted April 9, 2010 Share Posted April 9, 2010 You have 3 months to register as self-employed, or you can be fined. If your self employed earnings are less than £5,075 you can apply for a small earnings exemption to avoid paying NI.This is (I think) in addition to your main PAYE earnings, though I don't have another job, so can't be absoultely sure on that. I just registered a few weeks back! Quote Link to comment Share on other sites More sharing options...
