We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Is there a guide somewhere here for registering my business?

I'm full time employed in IT, but I also do a bit of running coaching on the side. I'm looking to increase the amount of work I do in the next few months. I charge £25 a month, but also have other sources i.e weekly group sessions at a fiver each. 
I'm conscious of staying onside with the taxman, and just wanted to know how I go about setting myself up as a business - does it cost a lot of money?
Thank you!

Comments

  • Brynsam
    Brynsam Posts: 3,643 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Combo Breaker
    See https://www.gov.uk/browse/business

    You might check that your current contract with your employer allows you to set up your own business. Doesn't sound as if they are in competing fields, so with luck there's no issue regardless.
  • tacpot12
    tacpot12 Posts: 9,527 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Have a look at this channel on YouTube: https://www.youtube.com/c/SmallBusinessToolbox/videos
    I think the video called "How to become self employed in the UK" tells you what you need to know. There is a lot of useful information for small businesses on this channel. 
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.