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I am already in full time employment but I have had a few people ask me to do private work for them. I can do this without breaching my contract but I don't know what I need to do legally, I know I won't be getting enough to hit the VAT limit so don't have to worry about that.
Do I need to pay tax? Do I NEED to have a limited company, be a sole trader etc?
Do I need to pay tax? Do I NEED to have a limited company, be a sole trader etc?
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jf design
Messages count : 9Likes count : 1Registration : 17 February 2011Hiya
You'll definitely need to pay tax on your earnings (so you'll need to keep note of what you earn for this private work and any expenses related to it so you can knock that off your taxable income).
I think you'll need to register as self employed with HMRC, probably as a sole trader, even though you'll still have your permanent job. Not totally sure on that though. I would give HMRC a call and explain the situation, they will be able to advise you.
Good luck,
Jen - Contact in PM
Lupita
Messages count : 207Likes count : 6Registration : 2 November 2006These links, and the links within them, should answer your questions:
How do I freelance on the side? :: Freelance UK
Freelancers' Questions: How to start freelancing on the side? :: Freelance UK
:happy