£300 per month only income - tax help

£300 per month only income - tax help

Author
Discussion

ratcatcher2

Original Poster:

153 posts

193 months

Tuesday 30th September 2014
quotequote all
Hello if my wife's only income was to be 1 day per month being paid £300 for each day so overall £3,600 per year would she need to set up a limited company or can she just receive the money direct to her bank as it's such a low income?

ratcatcher2

Original Poster:

153 posts

193 months

Wednesday 1st October 2014
quotequote all
Hello Thank you for the reply. She would be advising the client on auditing and general ISO topics.
Could they just pay her to her bank?
She is concerned about getting into trouble (!)

ratcatcher2

Original Poster:

153 posts

193 months

Wednesday 1st October 2014
quotequote all
Thank you Eric that is extremely helpful of you.

She operates without instruction and with only this client. There are no plans to increase the volume or value of the work as she can manage fine in this income.

I will let her see your response and she will appreciate that very much.

ratcatcher2

Original Poster:

153 posts

193 months

Wednesday 1st October 2014
quotequote all
Thank you Eric really helpful and thank you the other person for the link even though probably not applicable.