Employed or Self Employed??

  • User Deleted

    This profile has been archived

    Hello all.

    If you work part time employed, but also do bits and pieces of acting work self employed-- which should you be registered as?!

    Thanks

    Shauna :)

    • 1st Dec 2012
    • 4146
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  • Catherine Stobbs

    Actor

    You need to be self-employed if you are doing any self-employed work as you need to fillin a tax return once a year. You can still be on PAYE with another employer. You just put all of your ip work information on the tax return.

    This actually makes it a little easier to claim back any overpaid tax.

    • 27th Nov 2012
    • 1
  • Stephen Moriaty

    Actor

    Register with HMRC as self employed. You can still work under PAYE but will bed to file a tax return to include your self employed work and all your allowances. Depending on these you may even get a tax refund!

    • 27th Nov 2012
    • 2
  • Kat Kumar

    Actor

    As Catherine and Stephen very helpfully say, you need to be registered as self-employed. This is even if you only have one acting job in the entire year!

    This confused the hell out of me and I ended up receiving a fine for not filling out a tax return! Luckily for me I was assessed again and it turned out I should not have been registered as self employed and had the fine cancelled, but when I began receiving more acting work this year I decided to seek advice.

    This advice I am passing onto you now! Buy a book. In this book make a record of any tax deductible expenditure (e.g. travel to auditions, headshots etc. If you are unsure of what is and is not tax deductible Equity can assist you) and STAPLE your evidence/receipts to the page. Keeping a record as you go will prevent the last minute rush around when it comes to filling in your tax return (I have yet to fill out my first tax return so we shall see!).

    The payslips for your PAYE job(s) will have a cumulative amount at the bottom of the slip, which you need to list as income that has already been taxed.

    If you are still confused, as I was and still am, I would absolutely recommend you make an appointment with your local Citizens Advice Bureau. As I have two part-time jobs I was even able to have my tax credits allocated in a was which was more financially beneficial to me. They may be able to help you in ways you aren't aware of so go go go!

    Good luck!

    Cat -x-

    • 27th Nov 2012
    • 3
  • User Deleted

    This profile has been archived

    Oh brilliant thanks guys, it is as I expected then. I will definitely make one of those appointments you mention, just to make sure I am clear with everything. Thanks again!!

    • 27th Nov 2012
    • 4
  • Angharhad Owen

    Actor

    If you've done any paid acting work yet to be taxed in the last financial year (up to April 6th this year) you'll need to do an online self assessment before 31 jan 2013. This mean you'll need to register as self employed, wait for your UTR reference by post, register for online self assessment, wait for your authorisation code through the post, activate your online account THEN do your online self assessment. You can't submit a paper return now as the deadline has passed for this year.

    So start the ball rolling so there are no nasty surprises come January

    Best

    A

    • 27th Nov 2012
    • 5
  • Stephen Christos

    Actor

    Thanks a ton Shauna & those who replied. I really needed to know this too, as I've returned to acting after a looong break & you've saved me a lot of browsing which probably would have confused me more. Steve x<3

    • 29th Nov 2012
    • 6
  • Tony Burden

    Actor

    I am employed in a PAYE job, got to pay the bills! But I have also registered as a self employed Actor.

    • 29th Nov 2012
    • 7
  • Catherine Stobbs

    Actor

    Doing a tax return each year actually makes it so much easier than chasing over-paid tax from PAYE jobs :)

    • 29th Nov 2012
    • 8
  • Catherine Stobbs

    Actor

    Also when you register, you can pick a date when you started being self-employed. I picked April 6th so it corresponds with the tax year, makes it so much easier, as you can guarantee you'll get a warning letter about your tax return on April 7th!!

    • 29th Nov 2012
    • 9
  • User Deleted

    This profile has been archived

    Filing a tax return is very easy online now. I recommend that method rather than filling in the paper version, photocopying it, and queuing at the post office. It saves time and money and you can download a copy for your records. Also, you need to fill in a self-employed tax return for every different self-employed company you have. For instance, I'm a freelance tutor when I'm not acting so I fill in a separate form for that. Anything you do that is taxed as PAYE goes on the Employed (not self-employed) tax return.

    • 29th Nov 2012
    • 10
  • Tony Burden

    Actor

    Hi Linda

    Is it a separate form for declaring PAYE or seperate pages/ parts of the whole tax return form?

    • 29th Nov 2012
    • 11
  • Catherine Stobbs

    Actor

    There are separate sections online. You can list many employments/self-employments. My friend has been self-employed (different jobs) for 15 years and never filled in more than one form.

    • 29th Nov 2012
    • 12
  • Tony Burden

    Actor

    Thanks Cat

    • 29th Nov 2012
    • 13
  • Catherine Stobbs

    Actor

    Either that or I've been doing it wrong lol!

    • 29th Nov 2012
    • 14
  • User Deleted

    This profile has been archived

    Hi Tony, I use more than one self-employed form (or section). One year I submitted one employed form and four self-employed forms and that was in the days before I did it online, I paid a lot for postage. These days though it's a lot easier and you fill in one general form which has all your personal details on, then you use the additional employed and self-employed forms to give individual company details. I'm not sure if I've answered your query... Does this make sense?

    • 29th Nov 2012
    • 15
  • User Deleted

    This profile has been archived

    I've just realised I've contradicted Catherine about the number of self-employed forms. I went to the tax office to get help with mine and was told I need one form per job, so I've always done that. I get royalties and I even need a separate form for that, even though they're paid only twice per year.

    • 29th Nov 2012
    • 16
  • Tony Burden

    Actor

    Thanks Linda

    That is exactly the info I was after and I think you were actually agreeing with Cats comments about the forms being sections rather than seperate forms ( online)

    • 29th Nov 2012
    • 17
  • User Deleted

    This profile has been archived

    Yes Tony, you're exactly right -- they're sections.

    • 29th Nov 2012
    • 18
  • User Deleted

    This profile has been archived

    Okay I have filled in a form on-line to register as Self-Employed.. It was very short and simple though so feel like I must have missed something!! Do I need to do anything else or just wait for a response?

    • 1st Dec 2012
    • 19