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When to register as a sole-trader confusing!!
I have only recently started taking on some freelance IT work. I was first paid in Nov-18 and after that in Feb-19. I have expenses as well which almost negate the income (income has been well less than personal allowance). I know i dont have to pay tax on this but do I need to register with HMRC?
if yes then when do I need to at latest? and when I need to send self assessment? Is it 5th April or 5th October? Very confusing!!!
Thanks
if yes then when do I need to at latest? and when I need to send self assessment? Is it 5th April or 5th October? Very confusing!!!
Thanks
- Contact in PM
Imran Khan
Messages count : 3Likes count : 1Registration : 2 April 2019Any answer to above please? - Contact in PM
Lupita
Messages count : 207Likes count : 6Registration : 2 November 2006Hi Imran,
A version of your question was chosen by FreelanceUK to be answered by an expert on the FreelanceUK frontpage! :)
https://www.free-work.com/en-gb/tech-it/blog/freelancer-news/should-i-register-with-hmrc-if-my-income-is-under-the-personal-allowance
Hope this is helpful!
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Moore News Ltd - expert care for your editorial needs. - Contact in PM
Imran Khan
Messages count : 3Likes count : 1Registration : 2 April 2019This is very helpful of course, thank you very much!
