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Author being self employed
Greg_M
Member
Registered: 2nd Sep 03
Location: Grantham, Lincolnshire
User status: Offline
15th Nov 07 at 19:44   View User's Profile U2U Member Reply With Quote
Is anyone self employed on here?

how does tax and NI work? when and how do you pay it? Cant find much info about it tbh.
richardworrall
Premium Member

Registered: 20th Sep 05
Location: Derby
User status: Offline
15th Nov 07 at 19:48   View Garage View User's Profile U2U Member Reply With Quote
http://www.hmrc.gov.uk/selfemployed/

all you need to know
pikey pete
Banned
Registered: 29th Sep 07
Location: Scotland
User status: Offline
15th Nov 07 at 20:17   View User's Profile U2U Member Reply With Quote
if it is only you then you register as a sole trader. you then do a basic spead sheet for what you earn and what you pay out. tax is then worked out on your profit. if you do it before sept 30th then they work out how much ta you pay after thatn you have to work it out lol

you register yourself as a sole trader on the above site IIRC and they send you out some info and the tax form when its needed.
BlueCorsa
Member
Registered: 14th Jan 04
Location: Midlands Drives: MB SLK250 CDI
User status: Offline
15th Nov 07 at 20:22   View User's Profile U2U Member Reply With Quote
Yep, you get a bill for National Insurance every three months (about £28) unless you pay by direct debit.

 
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