Self Assessment

ewingoil81

I used to be self employed a few years ago and completed self assessments so I have a self assessment utr.  I became employed and didn't need to complete a self assessment.  I'm looking to start doing some freelance work so I will need to do another self assessment, do I need to tell the tax man now that I'm doing freelance work or just complete a self assessment next year?

soolin

I'll ask the forum team to move this to a more appropriate board.

MSE_ForumTeam5

Thread moved 

c-m

Will you be earning over £1000 a year from the ad-hoc freelance work? If not you don't need to do anything. 

If you are, then at the appropriate time, you just fill in the self assessment as before. That effectively 'tells' the tax man for you. 

The self assessment form has a section for employed work, so you'll include your employer and your tax details from your employment there, then you'll move onto your self-employed work. 

If the tax due from self employment is less than £3000 you'll also have the option for it to be collect via PAYE through your main job. 

Dazed_and_C0nfused

You should still register as self employed in the first place though (once £1,000 turnover is reached).

If not you run the genuine risk of your tax affairs getting much more complicated than they need to be as HMRC won't be expecting you to complete a tax return and will do their annual review of your PAYE position.  Which shouldn't happen for people completing tax returns.

Jeremy535897

It is also important to register as self employed for class 2 NIC purposes, if you are ever likely to exceed the threshold.