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Do I have to become self-employed?
colinmk
Posts: 8 Forumite
Hi there,
I am currently on JSA however tomorrow I'm doing four weeks of freelance work for someone where I will earn £4k in total. I have never been self-employed before and am not guaranteed of more work after this although I do hope to get some more.
I know I have to phone up the job centre and tell them I have some work but do I also have to become self-employed from now on and is it worth it in the long run if I've got no more work lined up for sure?
I'm a bit confused about it all so any help would be great.
Cheers.
I am currently on JSA however tomorrow I'm doing four weeks of freelance work for someone where I will earn £4k in total. I have never been self-employed before and am not guaranteed of more work after this although I do hope to get some more.
I know I have to phone up the job centre and tell them I have some work but do I also have to become self-employed from now on and is it worth it in the long run if I've got no more work lined up for sure?
I'm a bit confused about it all so any help would be great.
Cheers.
0
Comments
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No one been in a similar situation?0
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You'll need to register as self employed and complete tax returns.
It doesn't mean anything other than you will have to do the returns. If you don't work, you simple declare 0 income. Simples!0 -
Am I right in thinking if you earn under £7k or so freelance you have no tax to pay a the end of the tax year?
Also if I'm working away from home can I keep dinner receipts etc and claim it back?
Thanks.0 -
You are assessed for income tax based on all income that tax year, including both self-employed and employed income, plus I think taxable benefits including Jobseekers' Allowance. There is no separate tax threshold for employed vs self-employed income. The personal allowance is £9440 for the current tax year; after the first £9440 of income, tax becomes due. Hope that helps.
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