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Where Taxpayers and Advisers Meet

Employed and self Employed at same time

gul.uk09
Posts:1
Joined:Fri Aug 21, 2015 9:19 pm
Employed and self Employed at same time

Postby gul.uk09 » Fri Aug 21, 2015 9:28 pm

If a person is employed earning £12000 from his regular job and he also is self employed part time earning £5000. Does these incomes are treated as separate or together for the purpose of taxation?

King_Maker
Posts:6538
Joined:Wed Aug 06, 2008 3:22 pm

Re: Employed and self Employed at same time

Postby King_Maker » Sat Aug 22, 2015 9:41 am

Both.

Tax and NI are calculated separately (different rules), but amalgamated to establish the over liability for the tax year.


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