All Questions
Tagged with self-employment united-kingdom
66
questions
4
votes
0
answers
80
views
Calculating work from home expenses
I'm self-employed freelancer, and primarily work from home. I work more than 101 hours per month from home. I'm trying to calculate the proportion of my home expenses (energy bills, council tax, ...
- 151
1
vote
0
answers
43
views
Self-employed on the side and student loan
I'm in the process of filling my self-assessment form, and have come across a section that's confusing me a little bit.
My situation is that I'm in full-time employment, and doing some freelance on ...
- 151
4
votes
1
answer
118
views
How do NI Qualifying Years work if you're self-employed *at a low rate* AND employed
In order to receive a full UK State Pension you must accrue enough "Qualifying Years".
I (think that!) I understand how qualifying years work if you're just employed.
And I (think that!) I ...
- 2,395
1
vote
1
answer
73
views
What is the distinction between "earning untaxed income" and "acting as a sole trader" (UK HMRC)
I live in the UK and have a full-time job paid in the usual way under PAYE. In addition, I have received small amounts of income from various organisations (honoraria in return for activities ...
- 494
3
votes
1
answer
113
views
What are the implications of receiving services in lieu of payment when self-employed?
I'm newly self employed so forgive me if this is a silly question.
My client has offered to pay for half of a training course I want to go on as the sole payment for my services. The value of that is ...
- 41
2
votes
2
answers
666
views
Starting as a sole trader under pre-settled status
I've been in the UK for the past 4 years and I have a pre-settled status.
I am currently an employee but I'm considering switching to freelancing/sole-trading to start working with a company abroad.
...
16
votes
3
answers
6k
views
Can I send back money I "loaned" from my personal account to business account?
I opened a self-employed business (in the UK). As a starting budget I sent £100 from my taxed salary to my business account to have something on it. Can I send it back from my business account to my ...
- 263
0
votes
1
answer
150
views
Do I have to pay tax if I spend all my income as a self-employed?
I'm participating in working on a project part time that will probably last for 3 months. I will get ~£7500 income for this. But at the same time I'm working full time in a permanent position. I ...
- 263
0
votes
1
answer
176
views
Freelance income from different currencies (UK)
I have a UK day work and also do some freelance stuff. I will start to work as a freelance for a Swiss university and for a Canadian organisation. I will invoice them in CHF and USD respectively as ...
- 157
2
votes
2
answers
112
views
Setting up a Limited company online
I am going to set up a Limited Company for myself, as a sole owner. An accountant quoted me a good amount of money to do it. I have seen a number of online companies who say they help you do it for a ...
- 21
1
vote
1
answer
67
views
UK-based freelance invoicing overseas
I work as a freelance (sole-trader) doing web-related services. I have a potential client who is based in the Dominican Republic, but I am not entirely sure what I should bear in mind regarding tax-...
- 157
1
vote
1
answer
93
views
Do I pay UK VAT for digital services provided to a company in Denmark?
My situation
I'm a UK based freelancer who provides website development services.
I'm a limited company and VAT registered.
I provide my services on an online platform based in Denmark. This platform ...
- 245
1
vote
2
answers
138
views
Statistically who gets higher **average** income, an employed engineer or IT startup founder? [closed]
Founding a startup is a great idea, you may become as rich as Jeff Bezos, Elon Musk, Bill Gates or Mark Zuckerberg. Wait... or may not. It of course depends on your skills and perspiration they say. ...
- 11
1
vote
0
answers
71
views
Starting a side business whilst full time employed
I'm currently employed full-time in a regular job, and pay income tax at the higher rate. I'm looking at setting up a very small side business which may make around £500-£1000 at the moment. I'm ...
- 11
1
vote
0
answers
103
views
Tax implications surrounding self-employment/startup of US citizen in UK
For a US citizen residing in the UK, what are the major considerations and pitfalls to consider before starting a business (online)? Does it matter whether the business would cater almost exclusively ...
- 557