Employed & Other Work

InsertWittyName

Hi.

I'm an employee through the day and earn just enough to take me into the 40% tax band.

I've recently started using freelance websites to earn a bit of extra cash.

My question is, do I now need to register as self employed or do I just need to register for self assessment?

Thanks in advance.

CLAPTON

you need to register as self employed

InsertWittyName

Thanks for the info CLAPTON.

After what seemed like an endless quest to find concise information that was relevant, I found the following link very useful:

http://www.nidirect.gov.uk/index/information-and-services/money-tax-and-benefits/taxes/working-and-paying-tax/employed-and-self-employed-tax-and-national-insurance.htm

Hope this helps anyone else looking for the same information.

InsideInsurance

You notify that your self employed rather than registering, it will trigger the self assessment tax return process.

You either need to register for Class 2 NI contributions or try and claim exemption