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Please help - advice needed
ZinKep
Posts: 8 Forumite
Hi there,
I have recently managed to gain employment in the "freelancing" industry - I have not worked since 2005 (Motherhood - two kids under two) I don't earn much per month, roughly between 600-800 per month. My question is, what should I do with regards to Tax/NI? Having been an employee for most of my adult life, I have no idea what to do, who to tell and what I should be doing tax wise. is it as simple as claiming myself self-employed and filling in a tax return? I have as of yet only received two months money and was planning on "winging" it until April - but my conscience is getting the better of me and feel I should declare my earnings somewhere. Also, to add to this mire, my husband and I are currently with Payplan - will I need to declare to them my earnings? As this work is not always guaranteed - I was planning on saving a lump sum to give yearly to Payplan, that way my earnings are not relied upon to cover our outstanding debt. Can anyone give me advice? I feel like I am going around in circles here...
Many Thanks
I have recently managed to gain employment in the "freelancing" industry - I have not worked since 2005 (Motherhood - two kids under two) I don't earn much per month, roughly between 600-800 per month. My question is, what should I do with regards to Tax/NI? Having been an employee for most of my adult life, I have no idea what to do, who to tell and what I should be doing tax wise. is it as simple as claiming myself self-employed and filling in a tax return? I have as of yet only received two months money and was planning on "winging" it until April - but my conscience is getting the better of me and feel I should declare my earnings somewhere. Also, to add to this mire, my husband and I are currently with Payplan - will I need to declare to them my earnings? As this work is not always guaranteed - I was planning on saving a lump sum to give yearly to Payplan, that way my earnings are not relied upon to cover our outstanding debt. Can anyone give me advice? I feel like I am going around in circles here...
Many Thanks
0
Comments
-
You need to register as self employed with HMRC.
More info here-
http://www.hmrc.gov.uk/businesses/tmastarting-up-in-business.shtml0
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