I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Thank you for replying.
Sorry, I re-read my question and realised that I omitted to mention that the income figure I mention is purely payments I have been made thus far, and not profit. By my calculations, I will have been paid £12000 in total by 5th April. I am a sports coach in a school, so my expenses are limited to fuel and laptop as far as I can see - unless you can advise me otherwise (given the limited information I've given)? My employed role is also as a sports coach, but for a sports club who did not want to pay me on a self employed basis.
I have been purely self-employed for the past 6 years but this was as a Carpenter and I was under the CIS scheme, which was obviously a different situation, so this is my first year under my new arrangements having made the career change.
Thank you for your further reply.
So, if from the month of February I become and employee at the school, and my income from this role being self employed is £9,000 in total will I pay no tax on this given that it is under the threshold? Also, going forward would I pay less tax on one of my jobs if I am employed in both?