I am self -employed for the first time. I believe you should declare this in the first 3 months of becoming self employed. I have been meaning to doing this for nearly two years and still not declared. I keep meaning too, but time keeps passing by and I still havent got round to it. I want to declare but I am too scared now because I know I will get into a lot of trouble and I am scared I will be sent to prison. Up untill becoming self employed in Oct 2006 I have always been on salary and I have always paid my tax and insurance. I am normally a very law abiding person.
Well cube or whatever your name is - not quiet getting ur point? I post my questions and answers on hear in good faith, u sound like a d**ck h**d - perhaps u have got nothing better to do? Get a life.
I'm sorry, badnews, but like chino-cube I'm starting to smell bullsh1t here. You say you want good advice? Well in addition to "Tell the revenue about your income immediately" - which you haven't acted on yet, apparently - here's another bit. Don't, don't, DON'T try to bullsh1t the revenue. They don't like it.
Good for u Chino. Not sure what ur point is though? Anyway thankyou for all those who have offered constructive advice. I have now contacted an accountant and he is sorting everything out for me. I feel much better knowing that I wont get locked up!