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[PDS] Selling your Work

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Careers and Employability
Careers and Employability

This document provides information for newly self-employed individuals on registering their business, paying taxes, keeping records, and getting help. It outlines that you must register immediately by phone, form, or online. It describes paying Class 2 and Class 4 National Insurance and income tax, as well as completing a tax return annually showing all income sources. Record keeping includes setting up and maintaining a system and retaining records for five years. Help is available from HMRC websites, helplines, and workshops.

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Newly Self-Employed - The Basics Business Education & Support Team | Mayl 2010 |
How do I tell you that I’ve started? ,[object Object],[object Object],[object Object],[object Object],[object Object]
What do I have to pay? ,[object Object],[object Object],[object Object],[object Object]
Class 2 National Insurance ,[object Object],[object Object],[object Object]
Class 4 NICs – 2010/11 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Income Tax Rates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What exactly is a ‘Tax Return’? ,[object Object],[object Object],[object Object],[object Object],[object Object]
When will I get my ‘Tax Return’? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Record keeping ,[object Object],[object Object],[object Object],[object Object]
Day to Day Expenditure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Registering for VAT ,[object Object],[object Object],[object Object],[object Object]
| May 2010 |
Further help and guidance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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