I'm budgeting a possible side line for myself and a friend. We both have full time jobs and are taxed via the PAYE system.
If we go ahead with our little venture what additional (if any) NIC do we have to pay? I know we pay income tax on our other earnings but what about the NIC?
I know theres the set limit (2?) a week and then an income based percentage - do we still need to pay this given that we are paying via PAYE on our salaries?
Thanks