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Mike Blair
******* ****
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davesparks
The best person to ask is your accountant
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Octopus
If you are employed you need to register as self employed, then declare your 2nd income.
Best keep it above board and remember to save 29% for tax and NI
Best keep it above board and remember to save 29% for tax and NI
I can't make head nor tail of it, either.
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Mike Blair
Skint flint boss lol but I need the money n there's no other jobs around yet
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Octopus
Are you registered as SE?
Are your NI payments being made?
Be careful or you couldend up in one big heap of poo with HMRC
Are your NI payments being made?
Be careful or you couldend up in one big heap of poo with HMRC
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Mike Blair
I haven't spent my money I have always made sure I have had to 30%on the side for this reason because everyone k ask just doesn't k ow what to do it anoyys me
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trev
Holy bloody hell! He's paying you a crap rate and expecting you to be SE?!
Do yourself a favour Mike, ring HMRC and explain your situation to them. They'll send an inspector to look at the guy's payroll and subby payments and they WILL insist that he takes you on as a proper employee.
He's not only having your pants down mate, he's shagging you up the bum.
At the very least you need to inform HMRC that you are self employed. Otherwise they will at some point come looking if you aren't paying in.
It's not worth the risk.
you need to get it done soon because there are big charges if your late with your books etc and they ask 20 days notice if your going self employed.
me mother runs a cake business and there is a charge per day for every day its over the deadline
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Mike Blair
Thanks guys you guys are more help then anyone else I'll call them asap
i would highly recommend you contact an accountant, they would be the best one to help you.
even if you only use one once or twice a year its worth it in the beginning
You can inform them online if you prefer. You'll need to tell them that you work as a sub contractor as that falls under the CIS (Construction Industry Scheme) rules. Under these rules your boss should be deducting your tax before paying you. You then declare this when you complete your tax return.
It's not as scary as it sounds. Good record keeping and the advice of an accountant should be all you need (plus submitting your tax return on time!).
We don't employ self employed without CIS cards. It seems with this 'employer' anything goes.
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Octopus
This all sounds like a slow motion train crash with the loser being the OP.
Be VERY wary of your "employer" as he may be deducting tax/NI but not actually paying it to HMRC.
Do you get pay slips? P60 at the end of the year?
Shocking.
Be VERY wary of your "employer" as he may be deducting tax/NI but not actually paying it to HMRC.
Do you get pay slips? P60 at the end of the year?
Shocking.
M
Mike Blair
il speak to him monday and say can you pay tax / ni for me aswell because im trying to do things by the book best as i can just no one is helping etc :/
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SparkyJoe
I can see that going down well lol, He would't be paying you cash if the tax man was involved, so why bother? I bet you get pumped tomorrow.
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dingledong
Find an accountant! Ask any one you know who is self employed to recommend their one to you . They will give you the best advice ,but do it quickly
its good practise to request your p60 anyway
trust no one, epesically when money is concered
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dingledong
Trust no one especially where the bloody taxman is involved too
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Octopus
I quite agree.
Your "boss" could claim to be paying your taxes to HMRC, deducting from your wages, but if the money doesn't get passed on ..... yes you've guessed it... HMRC will come after you!
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Mike Blair
thats abit out of order isnt it? would i be in the wrong still if my boss says hes paying it but doesnt?
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Octopus
And this is exactly why you should ask for a P60 - this will confirm all the deductions etc and then the employer is up a creek without a paddle.
No P60 and you're up the creek!
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dingledong
Yes you could be as well as him
Speak to every self employed person you know and get an accountant , speak to him ask him questions ,ask him if you could get in trouble .
Start making notes of your incoming and outgoings and keep them take them to your accountant every 3 months
If any thing does go wrong ( not saying in any way that it will ) you have covered yourself ! !
You can show them your books and will be ok
Ok
Speak to every self employed person you know and get an accountant , speak to him ask him questions ,ask him if you could get in trouble .
Start making notes of your incoming and outgoings and keep them take them to your accountant every 3 months
If any thing does go wrong ( not saying in any way that it will ) you have covered yourself ! !
You can show them your books and will be ok
Ok
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davesparks
If you cannot prove that he has claimed to be paying tax for you then you are in the wrong.
If he gives you a CIS statement each week detailing exactly how much tax he has deducted and you show this to HMRC when they come knocking then he will be in trouble if he hasn't .
If however all you have is his verbal assurance that he is paying your tax then when HMRC come knocking then it'll be you who gets prosecuted unless he stands up for you and admits he was conning you.
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trev
Not necessarily mate. I've been there, if you have payslips detailing the supposed deductions that have been taken from your gross and paid over to HMRC then you are in the clear. It's the same as when a company goes bust, one of the major creditors is always HMRC for unpaid paye and nic. They never go after the employees.
The difficulty comes from if you're SE and a customer goes under, HMRC still want their pound of flesh BUT you're allowed to claim bad debt relief.
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Mike Blair
they dont teach you this stuff in school haha since September i have just been hit with all this stuff and its abit baffling
s/e, you should invoice him each week. something like :
1.xx hours @ £xx/hour................................ £---
2.allowable expenses (e.g. fuel)................... £xx
3.less 20% deduction on labour.................... £xx
4.amount to be paid ((1+2) - 3 ))...................£---
1.xx hours @ £xx/hour................................ £---
2.allowable expenses (e.g. fuel)................... £xx
3.less 20% deduction on labour.................... £xx
4.amount to be paid ((1+2) - 3 ))...................£---
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