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Self-employed, do I tell tax office?

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Comments

  • vanoonoo
    vanoonoo Posts: 1,896 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I dropped some brown sauce on the floor today and it got the tiles gleaming but the kitchen stinks now.

    on the note about the childminder situation it's a really good point and I don't know the answer I'm afraid. No one on the course was proposing being a childminder.
    Blah
  • gibby
    gibby Posts: 426 Forumite
    yes you have to register


    the Inland revenue handle everything now including NI etc

    they will send you a pack explaining everything

    better to get it sorted than a hefty bill that has to be reduced by a costlt accounctant


    G
    never take advice from broke or unsuccessful people

    Jim Rohn
  • tru
    tru Posts: 9,139 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Thanks Gibby. I've only just found out about them handling NI, when did that happen? ;D

    I've got all my info ready, I'll ring them tomorrow.

    Won't be using an accountant though, I did a book-keeping course a while ago, and my accounts are pretty basic :)
    Bulletproof
  • lellie
    lellie Posts: 1,489 Forumite
    you should inform them because even if you're under the limit it's best for them to know incase they don't believe you in 5 years time when you might be earning over the limit and you could get clobbered..
  • tru
    tru Posts: 9,139 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Thanks Lellie ;D

    I'm registered now. Thanks to everyone for your help :)
    Bulletproof
  • lellie
    lellie Posts: 1,489 Forumite
    Thanks Lellie ;D

    I'm registered now.  Thanks to everyone for your help :)

    I know because my mum had been self imployed for years and only registered this year because she asked someone and got warned although she's not been over the tax limit ever it's about time they know she exists just incase they won't believe her in the future..
  • theGrinch
    theGrinch Posts: 3,133 Forumite
    Part of the Furniture 1,000 Posts
    yes you do as you need to complete a self accessment tax return each year.
    "enough is a feast"...old Buddist proverb
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