Do my employers need to know about other earnings?

[singlecoil]

I find myself in the fortunate position where I can sell some of my time off for quite a decent rate. Naturally I will be required to pay tax and NI on these earnings, but would prefer it if my employers didn't know about it. Any advice?

[stevieb]

I think the first port of call is your contract of employment...

I am unable to tack on any work within the same industry as i work with my employer, but they have been ok with me running a sideline that is different to my day job.

But i had to get this ok'ed with the director before i could start

Steve

[shadowninja]

I would say it is better to let them know. Providing (1) it doesn't conflict with your main job in terms of business interest and (2) you're not doing extra stuff on company time and using company equipment then I can't see it being a problem. I was in a similar situation and they were very supportive of my alternative employment (or is it that they just wanted rid of me? ).

Edited by shadowninja on Monday 30th July 09:23

[singlecoil]

Thanks for the replies. I still need to know, though, whether or not I can arrange things so that they don't know about the other earnings. I agree that telling them would be the ideal way, but it doesn't really fit this particular situation.

[Leftie]

I have people who work part time for me on a self employed basis.

No business of their employer what they do unless there is a contactual issue or conflict of interest.

[shadowninja]

It will likely say in your contract that you can't carry out work that has a conflict of interest. Check the contract.

[singlecoil]

Whilst I value the contributions to the ethics side of this question, I would still like to find out if it was possible to correctly deal with the tax and NI on the part time earnings without the knowledge of my employers. Thanks in anticipation.

[Noger]

Yes, absolutely seperate in terms of Self Assesment. I employ my wife part-time, and she is also self employed. My company knows nothing about her self employment, although we could probably guess something from her tax code. As long as you pay your NI and Tax yourself I cannot see why they should ever get involved.

[Griff Bitch]

Fill out a self assessment form, your employers don't need to know about the extra income.

Even if it was another company that employed you, you still wouldn't have to tell your employers, (Unless it was a breach of contract.)obviously the second employers would know you had another job because you would have to tick a box on the P46 which says this is my 2nd job.

[M400 NBL]

I guess your employer may have doubts about your commitment if they were aware of your 2nd job. Particularly if it's a well paid job and you could be working for yourself.

MOst employers think of employees as little more than numbers.Others of course are very supportive of their employees and would encourage a 2nd job if it help pay the bills or further their education/career. I would decide on whether or not you should inform them on these 2 scenarios.

As a few people have said. Also depends on your contract...the very latest contract that is.

[apeebles]

Make sure that there is no conflict of interest. I had to fire someone on this basis as he was actually risking taking my clients away. It actually went to tribunal where he put me through the grinder and promptly lost his claim

In summary if you don't tell your employer the chance's are you will be breaking your employment contract.