Hopefully you can please help me out, I registered for Tax a year ago, by default I was registered as a non-provisional tax payer and I am currently unsure of how I should classify myself for tax purposes. I'm also not working as a company or cc but as an individual.
I have 3 different forms of income: 1) 35 Hours a week I work for a company on their premises (almost as a full time employee) and invoice them every month. 70% of income. The do not withhold PAYE as of yet. 2) 5 Hours a week for another company, Invoiced for as well. 15% of income and they withhold 25% PAYE. 3) After hours work for another company, this fluctuates but on average accounts for 15% of my income. No PAYE withheld as of yet.
I have read about PSP's , contractors and being a sole proprietor but the requirements overlap quite a bit, it would be great if I could get this down to determine if changes need to be made.
Currently I am setting the supposed PAYE tax aside for the eventual payment in tax season, but also not sure if this is the correct or best way to go about it.