Help - full time job plus freelance Autor da sequência: Sara Canullo
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Hello all,
I used to be a full time freelance translator in Italy a few years ago. I now live in the Uk again and started doing some bits and pieces of freelance on top of my full time job. Does anyone know how taxes work if I am freelancing on top of working full time. I understand that I will have to do a self - assessment in January?
Thank you for your help
Sara | | |
Stefania Greci Reino Unido Local time: 07:51 Inglês para Italiano + ...
Hi Sara,
fortunately the system in the UK is much easier than the one in Italy.
I was in a similar situation some time ago and I had a part-time job and a freelance income.
At the end of the financial year you will sum up your income and only pay taxes if you go above a certain threshold, not sure how much it's this year.
You will find a lot of useful information on the Inland Revenue website (self-em... See more Hi Sara,
fortunately the system in the UK is much easier than the one in Italy.
I was in a similar situation some time ago and I had a part-time job and a freelance income.
At the end of the financial year you will sum up your income and only pay taxes if you go above a certain threshold, not sure how much it's this year.
You will find a lot of useful information on the Inland Revenue website (self-employed section).
http://www.hmrc.gov.uk/selfemployed/
HMRC also run workshops for people who are just starting as self-employed.
Stefania ▲ Collapse | | |
Tom in London Reino Unido Local time: 07:51 Membro (2008) Italiano para Inglês
scanullo wrote:
Hello all,
I used to be a full time freelance translator in Italy a few years ago. I now live in the Uk again and started doing some bits and pieces of freelance on top of my full time job. Does anyone know how taxes work if I am freelancing on top of working full time. I understand that I will have to do a self - assessment in January?
Thank you for your help
Sara
Yes, you need to register with HMRC as self-employed. They will then send you a Tax Return form each year. This will include separate pages where you record your income as an Employee and your self-employed income.
The form itself isn't very complicated but you also need to keep careful records of your income and expenses. For at least the first year I would strongly suggest you seek the advice of an accountant.
We are not allowed to recommend particular accountants in these forums. | | |
Sara Canullo Reino Unido Inglês para Italiano + ... Autor do assunto
Thank you both for your advice - much appreciated as i wasn't sure where to start!
I will both look at the HMRC website guidance and look into seeking help from an accountant. | | |
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Help - full time job plus freelance
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