ChatterBank5 mins ago
Employed On A Self-Employed Basis
2 Answers
I’m considering a job where I would be classed as self employed (but working for an organisation) - who do I have to inform or what forms, etc do I need to complete (I’d be earning less than £10000 a year). Thank you for any answers.
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.You need to register as a sole trader with HMRC
https:/ /www.go v.uk/se t-up-so le-trad er
which basically just means registering for self-assessment
https:/ /www.go v.uk/lo g-in-fi le-self -assess ment-ta x-retur n/regis ter-if- youre-s elf-emp loyed
(Click 'Register online')
You'll be asked to give a name for your business but you don't need to think up anything original; you can simply use your own name as your business name.
Then you simply keep records of everything you've earned and the expenses you've incurred and fill in a tax return online once per year. (It's amazingly simple; the whole process only takes a few minutes).
https:/
which basically just means registering for self-assessment
https:/
(Click 'Register online')
You'll be asked to give a name for your business but you don't need to think up anything original; you can simply use your own name as your business name.
Then you simply keep records of everything you've earned and the expenses you've incurred and fill in a tax return online once per year. (It's amazingly simple; the whole process only takes a few minutes).