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When to register for tax

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Hi - both me and my partner have gone it alone in the last year. I lost my job last February and then started on my own (just self employed - not a registered business yet) in August 2022. My partner left her job and went freelance (designer) last July. When should we register for tax and does anyone know first steps (links to best place on Gov website)? Thank you!
I'm part Swedish, part Italian, all British.

Comments

  • Jeremy535897
    Jeremy535897 Posts: 10,732 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    See https://www.gov.uk/register-for-self-assessment/self-employed

    Time limit is 5 October 2023 but sooner is better.
  • MalMonroe
    MalMonroe Posts: 5,783 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Hi,

    The information in the following government link may be helpful. I note that you and your partner are set up already with your careers but you never know - there may be something you haven't thought that is in the link -

    https://www.gov.uk/set-up-business

    Then the information in the following link tells you all about registering to pay personal tax as well as business tax - I did it a couple of years ago myself. But I haven't earned enough to pay any tax as yet! Oh dear. . . 

    https://www.gov.uk/log-in-register-hmrc-online-services/register

    And I'm very sorry if this is a duplication but I assume that you will probably need to register for N I contributions as well?  (Something I don't have to pay now as unfortunately I'm too old . . . ) Yet more information, in the following link -

    https://www.gov.uk/self-employed-national-insurance-rates

    I do hope that information is helpful. As it's published by the government, I do expect it to be up-to-date. 

    But please don't rely, do verify all information.

    All the very best to you and your partner, working for yourselves. :)
    Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.
  • See https://www.gov.uk/register-for-self-assessment/self-employed

    Time limit is 5 October 2023 but sooner is better.
    That's interesting - i thought we'd have to do by this April. So that means we won't be paying tax until next April for the last 2 years, is that correct?
    I'm part Swedish, part Italian, all British.
  • MalMonroe said:
    Hi,

    The information in the following government link may be helpful. I note that you and your partner are set up already with your careers but you never know - there may be something you haven't thought that is in the link -

    https://www.gov.uk/set-up-business

    Then the information in the following link tells you all about registering to pay personal tax as well as business tax - I did it a couple of years ago myself. But I haven't earned enough to pay any tax as yet! Oh dear. . . 

    https://www.gov.uk/log-in-register-hmrc-online-services/register

    And I'm very sorry if this is a duplication but I assume that you will probably need to register for N I contributions as well?  (Something I don't have to pay now as unfortunately I'm too old . . . ) Yet more information, in the following link -

    https://www.gov.uk/self-employed-national-insurance-rates

    I do hope that information is helpful. As it's published by the government, I do expect it to be up-to-date. 

    But please don't rely, do verify all information.

    All the very best to you and your partner, working for yourselves. :)
    Thank you so much - that is super helpful. And thanks for your well wishes :)
    I'm part Swedish, part Italian, all British.
  • Jeremy535897
    Jeremy535897 Posts: 10,732 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    edited 14 March 2023 at 12:40PM
    See https://www.gov.uk/register-for-self-assessment/self-employed

    Time limit is 5 October 2023 but sooner is better.
    That's interesting - i thought we'd have to do by this April. So that means we won't be paying tax until next April for the last 2 years, is that correct?
    Your first tax year is 2022/23, the tax on which is due on 31 January 2024. Depending on your profits, you may also be required to make payments on account of 2023/24 on 31 January 2024 and 31 July 2024.
  • See https://www.gov.uk/register-for-self-assessment/self-employed

    Time limit is 5 October 2023 but sooner is better.
    That's interesting - i thought we'd have to do by this April. So that means we won't be paying tax until next April for the last 2 years, is that correct?
    Your first tax year is 2022/23, the tax on which is due on 31 January 2024. Depending on your profits, you may also be required to make payments on account of 2023/24 on 31 January 2024 and 31 July 2024.
    Thank you.
    I'm part Swedish, part Italian, all British.
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