Please delete

MoneyBags1980

**Edited
Thank you all for your advice. I have found someone to help me now.

steve1980

All the information is here ->http://www.hmrc.gov.uk/selfemployed/index.shtml

If you earn the amount you say you would also need to pay NI contributions. The average amount that you should save would be 28%, maybe a little bit more, just in case.

The cost of your tax and NI would be approximately £3864 for the year.

You don't register the business, you register yourself. Also are you free to do your modelling at anytime you want or do you have set times you are working? If so then you are not self employed and the employer is trying to get out of paying what they should do and protecting the employees.

HMRC would be keen to know.

Pennywise

I'm not sure that you should register as a "model", as presumably you aren't just having your photo/video taken, but you're actually doing something, maybe faking it, which I'd say would put you in the "actress" category. This could open up far more in the way of allowable expenses.

If you're doing your "shows" from home, then you can claim a proportion of your household expenses http://www.hmrc.gov.uk/manuals/bimmanual/bim47825.htm. As a starting point you can claim £3 per week as an expense, which can be increased if you spend a lot of time working from home, and if you use a room mostly/exclusively for business use.

Any equipment you buy solely for business use are also allowable, such as broadband, computer, camera, lighting, bed/sofa, and even furnishings etc if bought specifically for business - i.e. to set the scene. Your claim is reduced by any private use of your setting, so again, you will be able to claim virtually the full cost if there is no private use and say you are using a spare bedroom that has no other personal use. "Equipment" can be extended to anything you may use in your "act" that you use solely for business reasons, i.e. your props, and don't use privately when not on camera.

For clothing, you can't claim for anything that would constitute a "wardrobe of everyday clothes", so any day-to-day clothing won't be allowable, but some of your "stage" costume may indeed be allowable - have a look at HMRC's manual as per their webpage as follows:-

http://www.hmrc.gov.uk/manuals/bimmanual/bim50160.htm

You will see the examples of a TV presenter claiming for a lounge suit and an actress claiming the cost of an evening gown for a premier. So whilst you wouldn't be able to claim clothing that could be worn "every day", you could certainly claim for clothing that you buy specifically for your act, that isn't commonly worn on a daily basis, so that opens up the possibility of claims for more extreme underwear, uniforms, etc., though not "normal" items that the average person may wear normally such as normal underwear.

From that same webpage, you could well be able to claim for cosmetic surgery, if, for example, you were perfectly happy with your body in "normal life", but now you're acting, you have to correct or augment with cosmetic surgery, i.e. teeth whitening/straightening, boob jobs, tattoo or tattoo removal.

Following from this are the likes of hairdressing, nail varnishing, etc - again, if you're having it done specially for an "act" to change your normal life appearance, it should be allowable, but not if your "normal" appearance is similar to your "stage" appearance. For corrective vision, again, anything special for your act, so if you normally wear glasses, but for your act, glasses aren't appropriate, then if you buy contact lenses specially for your act, not used in normal life, then they're an allowable expense - same vice versa if you normally wear contacts but your act requires glasses.

If you sell any items of clothing once worn, then the purchase cost of those items is also an allowable expense.

Don't forget other areas of expense, such as buying dvds or paying for online films etc if you're "researching" new ideas for your act, etc.

If you travel specially for business purposes, i.e. to buy equipment or stage clothes, or to your bank, or to visit an accountant, or whatever, then you can claim the travel costs, i.e. mileage & parking, or public transport, etc. Again, only if there's no private use of the journey, i.e. if you buy for business at the same time as personal shopping, then no allowability.

The key to all this is that you can't claim the private proportion of any equipment/cost/expense that had dual use.

MoneyBags1980

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steve1980

You can either pay it all in one lump sum or have your tax code reduced next (tax) year once you have filled in your self assessment form.

Have you earned the £13k in 6 months?

MoneyBags1980

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firstinflight

take a look at http://www.which.co.uk/money/tax/guides/tax-for-the-self-employed/

Tax years run from 6th April - 5th April, so unless you earned anything before 5th April 2011, your earnings so far will all fall into the current tax year (ending 5th April 2012). The deadline for submitting the return for the year is January 2013. The tax you owe for the year will be due at the same time as the return.

It might be worth getting some advice from an accountant or tax advisor regarding the expenses you can claim for. The money spent kitting out your "office" will be subject to capital allowances, so you may need a hand calculating those. Have a search online for firms with experience in the adult industry, as they will have specific knowledge of what expenses HMRC will allow.

If you're not doing so already, make sure you keep comprehensive records of your income and expenses.