Second job- tax question

[forjustnow]

Background- I've been FT employed in a profession (member of a professional body) for 15 years. Through this I'm PAYE and therefore tax, NI etc come directly off my wage.

Through COVID DH lost his business and has re-trained to start another. This along with the set up costs has costs used a lot of money- all savings. We will get back on track but things are tight.

I have the opportunity to pick up a side income aligned to my profession eg an account doing books for a friend or a teacher tutoring out with school. I'm working an additional 6 hours a week at £30 an hour.

It's transferred from a personal account into my personal account. AIBU to not declare it as second income?

So your question is AIBU to evade tax?

Well, if HMRC ever audit you and ask where that money is coming from you’re commuting fraud so I wouldn’t think it worth the risk unless cash in hand

AIBU or am I a tax dodging scum back?

Why are you asking?

You must have already decided to do it, so you want posters to tell you it's OK to evade tax to make you feel better?

You can have up to 1000 pounds of casual earnings a year.

It's tax evasion so yes YABU. Don't be fooled into thinking you can't be caught if it's cash in hand and if you are caught it won't just be the tax you need to pay back but interest and penalties too. HMRC can go back 20 years if they believe there is deliberate evasion. So my advice, pay your tax

No, I've not that's why I'm asking.

https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income#trade

You're asking if it's ok to evade tax?

Agree you have the £1,000 trading allowance to potentially utilise but based on your numbers you'd be earning more than that

Is there a process to declare it or is it just recognised that £1000 can be earned on top of wages?

Of course you should pay your taxes! as an earlier poster has said, if you have earned or expect to earn £1000 or more in the tax year you need to register for self-assessment and declare all your earnings.

https://www.gov.uk/register-for-self-assessment/self-employed

If you expect an ambulance to rock up if you get sick, or fire brigade if your house is on fire, then pay your taxes. All of them.
Sorry to hear about your husband, but you had savings, and you put them to good use. You're a full-time professional. Honestly, the world doesn't owe you a tax break just because you're middle class and used to having more cash in the bank.

If your gross income on a self employed basis is £1,000 or less you do not need to declare it (but you should keep records). If it exceeds this you would need to register for sec assessment and complete a tax return. You will then have the choice to deduct expenses in running your self employed business or the £1,000 allowance in calculating your profit for the tax year

You don’t need to declare being self employed for a year. That’s NOT tax evasion.

If it’s less than a £1,000 you need to keep records but don’t need to declare it.

Do you have expenses? Using home as an office? power, light, mobile? All would need to be apportioned. If you use the home as an office it can have implications if you sell.

It wouldn't be a year- probably 3 months, or from reading these replies until I hit £1000! It's basically just paperwork for somebody so I don't need a home office.

@Suzi888 the question was not one of when she needs to register, file a return, pay the tax etc etc but whether she should declare the tax or not. The latter unless covered by a relevant allowance, exemption, expenses is of course evasion...

Unless my maths is wrong the op is talking about earning an extra £9000 per year. Are you saying that doesn't need to be declared if it's just for one year?

My understanding from this is that I don't need up, unless I make more than £1000?

In my reply above I've said it's for approx 3 months, not a year!

Exactly. At £30ph you can work 33 hours before figuring out if you want to carry on or not. (I guess you'd already worked that out with your job! 😄) But you need to keep a record in case there's a problem later.

Your reply wasn't there when I started my post, that clarifies things

It's ok, my initial post could be read to mean it's an ongoing role. It's not, it'll be done by June. I was genuinely asking so I knew if I had to declare or if it would be covered by 'casual allowance'.