2006-06-26 01:02:53 · 9 answers · asked by willywinkle 1 in Business & Finance ➔ Taxes ➔ United Kingdom
to elaborate i'm self employed and was very busy until the end of the tax year
hopefully soon i will get some more work but have not worked for 2.5 months now....
how can they be clear if your self employed what hours your working especially when you work for yourself?..
i am working right now preparing projects but not being paid does this count as work?
2006-06-26 01:19:59 · update #1
Yes they go from previous years so next year when you send in your tax earning for this year they either owe you money or worse you owe them.
2006-06-26 01:07:37 · answer #1 · answered by Nutty Girl 7 · 4⤊ 0⤋
Technically Yes, however, if you work out prorata over the months and you are still within the yearly allowance, there would not be a problem. It is very difficult to judge how many hours you do, as you may have to cover someone else which would push up your earnings for that specific month, however, the government agency set up to deal with this would deduct during the course of the year if you told them, but then you would have to fill in loads of forms at the end of the year supplying all your payslips etc, and again, you would prorata this over the year and you would get it back. So unless its something like an extra 20 hours per month every month, i would keep schtum........
2006-06-26 01:08:36 · answer #2 · answered by jude 6 · 0⤊ 0⤋
I am not sure how the tax credit thing works, so cannot give you a definitive answer. However, if I were you I would check with the working tax credit people. They are there to help you! And it may be better to find out now than have to pay back loads of money - and perhaps be sent to prison for defrauding the government (neither of which options sound like good choices!)
You could also try the Citizens Advice Bureau for advice, if you don't want to go to the tax credit people!
2006-06-26 19:37:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Are you working on a casual basis? Work out your monthly average hours and tell them that!
2006-06-26 01:05:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes be honest with that stuff, get their advice on how to deal with it. then you won't any hassel further down the line.
It really is the best option.
2006-06-26 01:10:42 · answer #5 · answered by Anonymous · 0⤊ 0⤋
as long as you tell them you are working 16hrs and if your earnings are under seven and a half grand, you will get away with not declaring it
2006-06-26 01:17:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes
2006-06-26 01:05:46 · answer #7 · answered by wombat 3 · 0⤊ 0⤋
Never ever tell them anything.
2006-06-26 05:56:29 · answer #8 · answered by Anonymous · 0⤊ 0⤋
yes.
2006-06-26 01:12:08 · answer #9 · answered by thebigtombs 5 · 0⤊ 0⤋