I'm leaving my current job next week and am going to do some contracting for a former employer and one other client while I wait a couple of months to start my next job. I'm already registered for self assessment due to child benefit.
For my main client I will be paid through Comensura, a client management firm and tax and NI will come off at source.
I'm guessing I also need to register as self employed as well as for SA?
Anything else I need to know (apart from keeping all my receipts)?
Client 2 (and maybe a 3rd client) will probably be about 5k max - ideally I'd like not to be hit by paying a proportion of tax for the following year when I do my tax return as I'll be back on PAYE by then- do HMRC allow for this?
Any advice welcome! Planning on perm self employment in a couple of years and at that point will set up as a company etc.
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Temporary self employment- what do I need to know?
3 replies
TheCuddlyOctopus · 30/01/2019 09:55
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