Hi
I am a staying at home mum and I am not currently working. I am thinking of offering my services as a teacher to non-educational institutions for a few hours a week. My husband is using my tax credits at the moment, meaning that we are taxed as a married couple and at the moment I have no income. If I start doing these classes, as I undertand it, I can invoice the institutions and work on a "consultancy basis" or i can go on PAYE with them. Anybody know, which would be more advantageous for me, or would it be the same? Would I have to pay the higher rate of tax, because my husband is using my credits (part of my husband's salary already falls into the higher rate of tax)? I know I can earn up to 10,000 euros a year tax free, so is this only if I work for myself like childminding or something? What are the conditions for this 10K/year?
Thanks in advance for your help. Perhaps somebody can direct me to an institution that can give me better information, or a website.
I am a staying at home mum and I am not currently working. I am thinking of offering my services as a teacher to non-educational institutions for a few hours a week. My husband is using my tax credits at the moment, meaning that we are taxed as a married couple and at the moment I have no income. If I start doing these classes, as I undertand it, I can invoice the institutions and work on a "consultancy basis" or i can go on PAYE with them. Anybody know, which would be more advantageous for me, or would it be the same? Would I have to pay the higher rate of tax, because my husband is using my credits (part of my husband's salary already falls into the higher rate of tax)? I know I can earn up to 10,000 euros a year tax free, so is this only if I work for myself like childminding or something? What are the conditions for this 10K/year?
Thanks in advance for your help. Perhaps somebody can direct me to an institution that can give me better information, or a website.