Going self-employed - a few questions

LITRG

Hallo

Glad you found our information on pre-trading expenses useful.

We have a lot of information about the income tax and national insurance considerations when being self-employed in the self-employment section on our website:  Self-employment | Low Incomes Tax Reform Group. This includes how to register as self-employed, how to calculate self-employed profits, and the trading allowance as well as lots of other areas.

Where you have two self-employed jobs this is known as ‘multiple trades’  and we cover this here: Calculating self-employed profits: multiple trades | Low Incomes Tax Reform Group

There is also some basic information about how VAT works when running a business: VAT when running a business | Low Incomes Tax Reform Group

You may also find our downloadable self-employment guide helpful: Self-employment: a guide | Low Incomes Tax Reform Group

We hope this is helpful.