Self employment...keeping records

fgh001

comeandgo wrote: »

Are you going to be working in the construction industry? You will need to register as CIS sub contractor with HMRC.

Yes, is that easy to do?

comeandgo

Yes, you do it at same time as telling HMRC about being self employed. Your main contractor cannot pay you anything until you supply your UTR number and copy of CIS card. Then your main contractor will deduct either 30% or 20%, HMRC tell them which to use, and you get the rest. The deductions are tax so when you do your tax return you have already paid most of your tax.
Keep the vouchers your main contractor gives you detailing the tax.

fgh001

Ok. I've been doing work for one person who is self employed. He told me I need to go self employed then he will just lay me for the work I do? And I invoice him?
I plan to do grass cutting etc in the future too

fgh001

I've tried to register and tried to create a gateway account
I'm trying to login but it's not recognising my password or username??
Please help

ThemeOne

fgh001 wrote: »

Ok. I've been doing work for one person who is self employed. He told me I need to go self employed then he will just lay me for the work I do? And I invoice him?
I plan to do grass cutting etc in the future too

Your work sounds a lot more fun than mine ...

jobbingmusician

I was thinking something along the same lines (wondering about the industry!)

annandale

You have to wait for an activation code to be sent out by post. Takes around ten days

fgh001

I've registered as self employed.
I need to somehow invoice him for my work.
How do I do it? All I do is tidy up or organise the work ready for him..I don't actually construct anyhting.
Do I give him a invoice at the end of each week and then note when he pays me for that work?

Savvy_Sue

fgh001 wrote: »

I've registered as self employed.
I need to somehow invoice him for my work.
How do I do it? All I do is tidy up or organise the work ready for him..I don't actually construct anyhting.
Do I give him a invoice at the end of each week and then note when he pays me for that work?

That sounds reasonable. Prepare a template with your name and address on, with space for the date you've issued it, who you're billing, the dates on which you've worked and how many hours, with a grand total at the bottom.

If you want to be paid by BACS, put your bank details on.

You'll then be able to use the same template for other odd jobs. Even if people pay you cash, preparing an invoice (which you don't have to give them) may be a good way to keep your records straight.

Does he pay you promptly?

fgh001

Savvy_Sue wrote: »

That sounds reasonable. Prepare a template with your name and address on, with space for the date you've issued it, who you're billing, the dates on which you've worked and how many hours, with a grand total at the bottom.

If you want to be paid by BACS, put your bank details on.

You'll then be able to use the same template for other odd jobs. Even if people pay you cash, preparing an invoice (which you don't have to give them) may be a good way to keep your records straight.

Does he pay you promptly?

Thankyou. Yes he pays me promptly every week I do work for him.

Also, as Ive registered now 2016/2017 does that mean I won't have to do a tax return until January 2018???