I'm a bit confused about taxes. I read all the explanations on HMRC website, but I'm not 100% sure if I understand it correctly.
I worked in a permanent position until 2008-09-02, and they were paying my taxes (income tax and class 1 NIC) in PAYE system. I should be getting P45 soon.
On 2008-09-03 I filled self-employed registration on HMRC website,
and hopefully I'll have some revenues now :-)
Do I understand it correctly that:
* I need to set up direct debit for class 2 NIC by CA5601 form, independently from class 4 NIC and income tax?
* I will only have to pay income tax/class 4 NIC for the rest of the tax year (2008-09-03 to 2009-04-05) by 2010-01-31?
* HMRC will do all the calculations for me for no extra cost if I submit them information online by 2010-09-30?
* Are there any complication from being employed and then self-employed in the same tax year?
