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Tax question (1)

23 August 2009 14:23

I have been asked by my current company to to some illustration for another department on a freelance basis. It is planned to be every other month in a regular basis, so i assume i need to inform HMRC that i will be undertaking freelance work in addition to my salaried role.

What am I likley to need to do for tax purposes? just complete a self assessment?

Thanks, J

Ingrid 4 September 2009 15:27

Tax

Hi,
You should register with the HMRC to let them know (within 3 months of the start date). You will have a fill in a tax return every year (which they will send to you). Just keep all paperwork related to the income you make and expenses you might incur, which you can deduct and get tax relief on.
Ingrid