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Self Assessmewnt
ewingoil81
Posts: 4 Newbie
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?
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Comments
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I'd tell them then you will not get any surprises.0
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Assuming the freelance work isn't connected to your existing employment then I'd wait until your turnover exceeds £1k.
https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income
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