Can I be self employed at the same time as being employed?

[squeakybone]

I work part time and am planning to go for an interview for a job that is a few hours a week on top.

They've asked if I can do the job on a self employed basis but I'm not sure how i would go about doing this or any tax or other implications.

Can anybody advise please?

I work PAYE through a temp agency (though I work constantly at one site, full time, IYSWIM - it's an unusual set-up) and I do extra work on top at home. Obviously, I'm paid gross for the additional work, but I pay tax on it in January through the relevant pages on my tax return, and I can take expenses off (printer, paper, necessary software etc). I'm sure someone with more experience will also respond, but that's what I do, and a very straight accountant always does my return, so I'm sure it's all pukka. Does that help?

BTW, you really don't have to have an accountant, either - it's not that hard to do your own tax return online, I used to do it myself, but then I had a slightly complicated inheritance so I moved to an accountant and I just haven't ever moved back.

Yes you can. I do this. I work part time and also run a small business. I am registered as self employed and fill in a SA each January which notes the tax & NI I have paid via PAYE and calculates the remaining tax due on my SE income. I use up my personal allowance in my job so am taxed on all earnings in my self employed income and also pay back my student loan via HMRC too.

You will need to invoice the SE job. I use invoicing/accounting online software but if you are only submitting one invoice a month/quarter, you likely won't need this and can submit your invoice designed in Word as a PDF or similar.

I worked part time and on the other days ran a business. From memory (this was back in the early 00s) I paid class 2 NI contributions and kept immaculate records for tax purposes. I never made enough to even reach 40% tax levels though.

Cross posted and said very similar to MrsSteptoe!

Yep.
Many of us are.
Not complicated. I do an online tax form once a year, fill in both employed and self-employed sections.

If you earn much self employed, you need to stash away the right sort of amount to cover tax and NI as you go along.
If you're prepared to give figures, someone here will be able to give advice on percentages and amounts likely for tax and NI.

Or ask for help via PM?

You'll need to register for self employment. Google which HMRC dept you do that with.

If you haven't done tax assessment forms before, they're quite easy, and lots of help available.

But, make sure you submit on time each year, that's your responsibility, and there are some hefty penalties for being late.

Yes. When you fill in a tax return, you fill in an employment section and a self-employment section. No problem there.

However, I would really question why this company wants you to work on a self- employed basis. It's an increasing problem - people think it's just Uber drivers and couriers etc, but it's actually affecting more office workers than you'd think. It's very often a dishonest way of going about things - you'd have no holiday pay, no sick pay, no rights with unfair dismissal etc. Think carefully about why this employer are apparently unable to pay you properly through PAYE like everyone else.

I'd echo what Tectonic Plates has said. Ask yourself why they want you to be self employed. Does it benefit you or just them?

Double check your work contract. Some places forbid it.

Yes, I am. It's clean cut for me and I dont use an accountant. i use Wave Apps to record everything