Employed full time with part time self employment

[fitnfortyone]

Am working full time, have now done HypnoBirthing practitioner course and will be hopefully getting some business from that part time in New Year.
So, do I have to register as self employed even though main employment is as employee?
Assuming I do, when do I need to do this? What if I don't actually get any clients for say, 6 months?
Also, are there any special things I need to look out for if I'm holding classes at home, other than insurance?

hiya, will watch this thread with interest as am also an employee and self employed! I have registered as self employed so pay a weekly NI contribution as advised by the finance team at my employers (all v complicated! Think you may be entitled to some kind of rebate if you pay too much. You have ( i think) 3 mths to register or you get fined. All on HMRC website where you can do it online

Yep, had a look at the HMRC site, but it doesn't really cover what you do if you're both other than identify the terminology of employed/self employed. I don't want to start paying out NICs with no turnover, but then again, have registered a website domain already, so assume I'd have to register my start date to cover the date I purchased that so I can claim back the tax?

Register as self employed. As your already employed you wont have to pay additional ni as you are paying already. When you do your tax return at the end of the year, you include your earnings from employment and self employment, you also include your tax from your employment, and all your expenses from self employment. If your set up costs are high, but you don't earn anything from the selfemployment, you may find you get some tax back that you have already paid trough your employment iyswim.

I think you need to register as S/E

But I'm fairly sure you don't need to pay additional NIC (as presumably you already pay some as employed) so you won't need to pay voluntary NIC just a %age of your profit at the end of the year (I think )

they are normally lovely if you ring them up & ask

thanks - that makes more sense! Have spent so many years thanking my lucky stars I've never had to fill in a return, just dread that looming up (as an accountant I should know all this anyway but theory and practice are 2 different things!)

its daunting the first time you do it. the first year i made an appointment at the tax office and took in all my stuff and they showed me how to fill it in. fwiw,register to fill in online,you can work it all out on the paper copy then fill in the boxes online. I got hefty tax rebate in my first year,in my bank account 4 days after submitting my return online!

checked with work colleague who knows loads of this stuff and makes me feel inadequate! Yes, need to register, but don't have to do it yet. Start up costs are ok to claim for eg a few months prior to start of trade, but they'd be a little more reluctant to let you get away with say a 4yr old cost if that happened to be when you bought your last car
NICs she's going to check on, but thinks you still have to do the minimum payment of something like £2 a week.