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Tax Credits/ Self employed AND employed in education

7 replies

Zzzexhaustedzzz · 06/01/2019 15:02

Hi,
I’m really confused!
So I work term time- as far as I’m aware that means my hours are taken as the usual ie. a week when I’m at work.

I also work a couple of Summer weeks plus a day here or there for another school.

I have also begun some self-employed work which amounts to about 120 over the year.
I’ve never been S/E before. I will earn a total of £2600 for this work. Do I need to register as S/E, fill a tax return etc?
If all this work takes me over the tax threshold, where will tax be taken from?
Also, how will Tax credits assess my hours/ week? Will the 120 count, averaged out?
Suddenly very confused!

OP posts:
MaverickSnoopy · 06/01/2019 15:26

I'm in the same position and have been for the last 18 months or so.

Yes you need to register as self employed, which can easily be done online. I have just submitted my tax return for 2017/18 (deadline is 31 Jan 2019). So if you're about to start work as self employed then you'll need to submit your tax return by 31 Jan 2020 for money earnt between April 18-April 19. When you complete it you're filling in a form (various info Inc self employed and employed income) and it auto calculates the tax you need to pay - I actually got a tax rebate this year.

With tax credits you declare how much money you expect to earn and update them as you go along. As a term time only worker you go by the hours worked each working week then if you have childcare costs you add up the total for the year and divide them by 52 - this is what I was told and have done. Hope that all makes sense.

Zzzexhaustedzzz · 06/01/2019 22:18

Ah thankyou Maverick.
That should be ok then. Is there a cost to register as S/E?
Do you include and average out your S/E work hours for your tax credit claim?

OP posts:
MaverickSnoopy · 07/01/2019 07:03

No cost to register as self employed.

I didn't add my self employed hours as I was doing it at night and not much of it so didn't need childcare for it. Plus my employed hours were sufficient to be entitled to text credits. Had they not been then I would have checked with tax credits. I would have thought you could but best to check.

MessySurfaces · 07/01/2019 11:55

Work at night is still work!!! Yes, you include those hours. If you are doing an average over the year include them too.
If at some point in the year it looks like your income estimate was wrong, then let them know.

Zzzexhaustedzzz · 08/01/2019 21:22

Arggh still looking into this... I’ve read that s/e work can’t be averaged for WTC?? Can this be right?

OP posts:
Zzzexhaustedzzz · 09/01/2019 12:45

Any experience to share?

OP posts:
MessySurfaces · 09/01/2019 14:26

Have you tried ringing them? Make good, dated notes of what they say, and do that.
We have CTCs and I average roughly. So I update them every couple of months. It's such a headache!!!

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