Odd Jobs?

Terryfields

Does anybody know what the legality of doing occasional work is. Like the odd Saturday job along with your 9-5.

Would you need to be registered as a sole trader or registered for income tax or how would it work.

Also if you are not registered for VAT how does this dis advantage your customer? Is it just that they can't claim VAT on your services...

thanks...

DubTony

Terryfields wrote: »

Does anybody know what the legality of doing occasional work is. Like the odd Saturday job along with your 9-5.

Would you need to be registered as a sole trader or registered for income tax or how would it work.

Also if you are not registered for VAT how does this dis advantage your customer? Is it just that they can't claim VAT on your services...

thanks...

There's no "legality of doing the odd job". Nobody can tell you not to, unless your employee contract forbids you from working outside of your employers business. That's between you and your employer. You don't need to register as a sole trader and the tax system in this country requires that individuals (outside of PAYE) declare all income to Revenue. So at the end of the day it's up to you.

Re VAT. Your customer isn't disadvantaged at all. Just make sure your VAT registered customer know you're not registered for VAT. So in order to remain competitive your base price should be similar to that of a competitor before he adds vat. This can give you an edge when dealing with customers who aren't VAT registered, and possibly allow you to squeeze extra profits from your work by pricing between base price and VAT Added price.

Terryfields

That's great. Thanks a lot.