I have the chance of a part-time job, of 20hrs a week What do I need to do?

Question

Do I have to pay stamp/tax on my own behalf

Answer 1

You do not have to pay tax or stamp has you are not working enough hours.To be safe phone up your local socail security centre they will tell you the exact hours & amount you are allowed to earn.

Answer 2

I don't know what the stamp thing means but paying taxes depends on the job. If they don't deduct any taxes from your pay, you will have to pay whatever you owe all at once. You could start a savings account just for your taxes so you put an amount aside each pay rather than have to figure out where the money will come from on tax day. Often, the company will take deductions for you and then you only have to pay any difference in what you owe or you get a refund, whichever you qualify for. Hope that helps. Good luck.

Answer 3

If the part-time job is hourly and you fill out a form w-4, your employer will withhold taxes and you will receive the proper tax forms for filing your return. On the otherhand, if the part-time job is as an independent contractor, you will be responsible for the taxes on the money you earn and your employer will send you a form 1099 for filing your taxes.

Answer 4

Your employer will automatically deduct the tax from what you earn.

Even if you work just one hour a week you WILL have to pay tax.

Answer 5

First check whether the amount earned, will take care of yourself, then think about tax / stamp.

Answer 6

Your employer is responsible for deducting tax and NIC from your wages. We can't tell you hoiw much you will have to pay unless we know your hourly rate.
The people who say you could be self employed are not correct.

Answer 7

Only if it's a sub-contract, and you will be self-employed.

otherwise you'll be PAYE.

Pauline