Tax on side job?

[whatsthecomingoverthehill]

I've been offered a few days work as a sideline to my normal work (it has come to me through my company so no problem in that respect). I think they will be paying by bank transfer rather than PAYE. Does anyone know how the tax would work? From searching I've seen something that says if you earn less than £1000 like this then you don't have to declare it, but want to make sure that's right. I don't really want to do a tax return, and it would obviously be more enticing if I didn't have to pay tax on this extra money!

This is a different employer?

Yes. Different employer, would purely be on an adhoc basis. Not likely to be more than a few days a year.

There is a trading allowance of £1000, but you still have to notify HMRC about it. Probably via a telephone call or online account.

would you be classed by them as an employee or self employed? if you earn over personal allowance.in 1st job then tax does have to be paid if the combined income is less than personal allowance uou dont. if you are employed im both tax will be sorted through paye if 1 classes uou as self employed you will be responsible for declaring it to revenue and paying tax.

Main job is over personal allowance, and I'm an employee, tax paid via PAYE.

This additional work would be self employed. Looking at this page it seems to say that if I earn less than £1000 trading income then I don't have to notify HMRC, but I should keep a record.

The same page for the link you provided says that you must tell her if you have other income over 2,500 and suggests you'll need to complete a self assessment.

Hmrc not her!

Yes the £1k limit is if you don’t have other income, which you do.

I found a questionnaire on there that said I didn't need to do a self assessment on this extra income if it's less than £1000. There are some circumstances where it seens you do, but they didn't apply to me.

If you worked as (say) a PR person, and made cakes as a 'side' hobby this allowance is available.

If, however, your sideline was PR as well - then it would be taxable.

Is your employer happy that this extra income came to you via your work? A lot of companies would require you to disclose connected things like this.