Question by Father Crowe: If I register as self employed, will it affect my current PAYE tax in my Full Time regular job?
I am looking to start a small home based business, while still keeping on my regular Full-Time job and was wondering if I register as self-amployed via HMRC what effect, if any will it have on my PAYE tax for my regular Full-Time job?
I will not be registering for VAT as the projected income will be nowhere near the threshold and I do not with to register voluntarily.
Thank you in advance.
Answer by fengirl2
No, it wont affect the tax you pay under PAYE as the tax due on your profits will be collected directly by HMRC.
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