OTHER TAXABLE INCOME OR A TRADE
Scenario is as follows;
Teacher employed by local authority on two days per week (at normal teacher salary)
Takes on another 2 days in relation to a short term project.
Both aspects paid by coucil under PAYE.
Then, funding budget for the short term project is moved to another school in another local authority area.
They have asked him to submit invoices as he will not be under PAYE.
This will be a short term thing as will end after say 8 months. He will retain original 2 days per week on PAYE
Project is say £250 per day so could be circa £2,500 per month.
Box 16 on Self Assessment as other income (and I guess no Class 4 NI)
A trade with Class 4
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