You must register yourself as self employed with the government, so this also means you become responsible for paying your own tax.
There’s a catch! Once your annual tax bill is over £1,000 you are required to make payments on account. This involves paying half of the following year’s estimated tax upfront.
Payments on account are due twice a year, so that first tax bill can come as a nasty surprise - if you’re not prepared for it.
1
0 reads
CURATED FROM
IDEAS CURATED BY
Tried & Tested Tips - to help you succeed in your freelance venture.
“
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates