Self Assessment

Self Assessment

Self assessment As a self employed person you’ll pay income tax in the same way and at the same rates as you would for income for employment.  You’ll have to complete a self assessment tax return and you will declare your self employed income separately on your...
Pension

Pension

Pension Advice Can I pay into a pension when I’m self employed? Pension advice: You should think about setting money aside for your retirement when you’re self employed. When you pay into a private self employed plan  you will receive tax relief in full against the...
VAT Advice

VAT Advice

VAT Advice VAT advice: You must register for VAT (Value Added Tax) if your VAT taxable turnover (not your profit) is over £85,000 over a 12 month period.  This is a rolling 12 month period rather than a fixed period like a tax year or calendar year. So if your...