If I earn a small amount outside of my PAYE job, do I have to set up a company to claim expenses against my small private earnings paid at day rate from a reputable institution? Is there a way of classifying being paid a 'day rate' for two days in one year, that would mitigate the tax paid?
Can I just put expenses down against that small earning on a tax return?
Additionally, with high savings but low income, if I earn more than my savings interest allowance - am I right to presume that I can't lump costs together for the two different types of income (paid work and interest income)? tbanks
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