I am a normal guy 9-5 worker, but as I started doing some car repairs out of work I thought I had better register self employed too.
I am upset as to how difficult taxation is for someone like me who works and earns normally by PAYE and then for the odd garage Job I do in the evening becomes a tax nightmare!
My questions are:
I also buy and sell a bit at car boots and a few cars, I was doing this for years before but now I am doing tax return I am concerned that I maybe checked up on.
I do a simple 3 line tax return as under £15K
What are the chances of IR investigating small time self employed like me?
Secondly, when my wages hit 40% tax bracket, this will mean all of my extra money from cars I do up will be taxed at a RIP OFF 40%
Is there another way, other than quit UK?
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