Starting a business when already employed

(4 Posts)
Sleepybunny Thu 10-Jul-14 15:00:24

I'm starting my own business shortly, but was planning to launch it whilst still in my current job.

My current contract is fixed term, so I was hoping to work on my business part time, then full time once my current contract is complete.

Does anyone know how that works in terms of registering the business? I know I have to register as self employed but I'm technically employed (PAYE and all that good stuff).

I know you have to register with HMRC within 3 months of starting, so do I just start then register when my contract is complete (within the next 3 months)?

Hoppinggreen Thu 10-Jul-14 18:34:21

You can be self employed and employed at the same time as long as it's for 2 different employees/clients

Sleepybunny Thu 10-Jul-14 21:10:04

Thanks hoppinggreen

splendidpup Thu 24-Jul-14 17:08:18

And you are now supposed to register with HMRC immediately, not by 3 months.

But no problem being employed and self employed at the same time, as HG said.

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