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.
Best answer:
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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