Question in my PTX Exam

Sammmy88
Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
If someone has a part time job, and receives £8,100 and it doesn't go through the PAYE system, then do HMRC need to know about this?

Sorry was a question in my exam today..

Thanks
Level 2 - Passed 2011
Level 3 - Passed 2012
Level 4 - Passed 2014

Awaiting to start CIMA :)

Comments

  • Spamkebab
    Spamkebab Registered Posts: 233 Beyond epic contributor 🧙‍♂️
    Hi Samantha,

    As 8100 is above the tax free limit of 7475 then i think it should be included in a self assessment if not through a PAYE system.

    How did you find the rest of the exam.

    Neil.
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
    Thank you Neil :-) I put that so we will see!

    I am sure I cocked up on the tax comp and the shares q :-( so I am thinking its another retake
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
    Hiya,

    What tax year was it 2011/12 or 2012/13 as the P.A is £8105 now and I just wondered if they had put the Income amount at around that amount to see if you knew?
  • Sammmy88
    Sammmy88 Registered Posts: 283 Dedicated contributor 🦉
    I did the 2011/12 so the PA is £7,475 :-)
    Level 2 - Passed 2011
    Level 3 - Passed 2012
    Level 4 - Passed 2014

    Awaiting to start CIMA :)
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