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I leave University soon and have a variety of employment options appealing to me. Of course starting on the lowest rung of the ladder pay will not be very good and I considering becoming a semi-professional boxer to supplement my income and send a little home to Mum and Dad.

As boxing (which I already do at amateur level) is paid commonly cash-in-hand, per fight, is it perfectly legal to have a full-time job and earn money this way on the side? Is there any beurocracy (sp)involved?

Thanks!

2007-02-11 22:41:04 · 2 answers · asked by Anonymous in Business & Finance Careers & Employment

2 answers

You may have as many jobs as you can handle!
I think your question concerns paying income tax on your boxing earnings. You would need to register with HMRC within 3 months of starting the boxing as a self employed person. You will need to pay self employed National Insurance contributions as well - a very small amount a month. Keep records of all your income and expenses for this work and HMRC will send you a Self Assessment form at the end of the tax year on which you will declare your boxing earnings as well as the income from your paid job. Any tax due on your boxing earnings you will have to pay directly to HMRC. Ask your Tax Office for advice if in doubt.

2007-02-12 01:25:05 · answer #1 · answered by fengirl2 7 · 0 0

Hi,

I'd like to offer some suggestions to you while you are job searching:

The most important thing to remember about job searches is that you should use a combination of methods regardless of your location.

Networking - Register at your local Unemployment Office (you don't need to be on unemployment to register for their assistance). They often will have networking groups on a regular basis. They also are a good source for the jobs that never show up in the paper or online.

Check your local paper -- In many cases the paper's classified are now online.

Search Smart Online -- If you don't have a lot of time, spend most of your time at sites that aggregate the job feeds from several job search engines. Prominently these include indeed.com and thingamajob.com.

Organization -- I use a free online application that allows you to track your ads, jobs you apply for, send or print mail merged correspondence, and track your job search history. This site is jobsearchlog.com and it has been very useful to me, please go and check it out!

Good Luck,

Karen

2007-02-12 01:22:58 · answer #2 · answered by karbenite 3 · 0 0

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