How to register as self-employed
Are you going self-employed for the first time? Are you thinking about starting your own business? Have you thought about when to register as self-employed with HMRC? Unless you’re setting up a limited company, it is vital that…
10 Minute Read
Updated: 04 Feb 2013 Created: 04 Feb 2013
Are you going self-employed for the first time? Are you thinking about starting your own business? Have you thought about when to register as self-employed with HMRC?
Unless you’re setting up a limited company, it is vital that you fill out a self-employed registration form from the moment you actively seek work. If you do not register at this point, HMRC can penalise you up to £100.
When do I need to register as self-employed?
- As mentioned above, it’s important to fill out a self-employed declaration form from the moment you actively seek work for the business. Whether you receive payment for business the day after, or 5 years from that point, does not matter. You must register the moment you start looking for business.
- If you fail to register within 3 months of the end of your first month in business, HMRC will fine you up to £100.
How to become self-employed
Registering as ‘self-employed’ has never been easier. It can be done:
- Online: Simply click here
- By phone: call HMRC’s self-employed helpline: 0845 915 4515
Yes, it’s easy to register as ‘self-employed’, but what does it mean to be self-employed?
Responsibilities of being self-employed
Being self-employed brings with it some responsibilities. You must:
- Cover the costs of your business
- Keep accurate records of your business income and expenses
- File for self-assessment every year
- Pay income tax (with self-employed tax rates) and national insurance contributions to HMRC
So, if you’re a self-employed taxpayer, it’s vital that you take control of your taxes and file your tax return each year. You can choose to file your self-assessment on paper or online. The deadline for filing by paper is 31st October, whereas the deadline for online submission is 31st January. For more information on how to avoid deadlines and penalties.
Filing your self-assessment online is by far the easiest option, and we at SimpleTax can provide you with a stress-free alternative to HMRC’s online service.
By simply adding your income and expense details to our intelligent software, SimpleTax does the rest for you. Being self-employed is a job in itself, so let us take care of your self-assessment for you.
Take the hassle-free route and stop worrying about how to sort this out; Go SimpleTax.
Access SimpleTax and discover a new free way of filing your return (HMRC approved), know what expenses will help you lower your tax bill and keep all your records online, safe & sound. Ready to file with one click! Free means free. No hidden costs.
Trusted by over 10,000 subscribers
You don't need to be an expert to complete your self assessment tax return.
Managing your finances has never been so easy.
Start you self assessment tax return today for free.Get Started
A Guide To Being A Self-Employed Hairdresser
16 Jun 2020
How To Succeed (Financially) As A Personal Trainer
08 Jun 2020
Get Your Finances In Order: Essential Lessons From A Personal Trainer
28 May 2020
How GoSimpleTax Works
Simply register for free with your full name and email address.
Select Your Income
Select the income you receive and follow the hints and tips for potential tax savings.
Validate Your Information
Validate your personal information and submit directly to HMRC to get confirmation in just seconds.
Work Anywhere, With Any Device
Gone are the days of fretting over a calculator surrounded by scraps of paper at the eleventh hour.
GoSimpleTax’s tax return software uses the information you upload in real time to calculate your income and expenditure, working out the tax you owe and sending you helpful notifications when there’s the possibility of a mistake.
"The software is intuitive and proved very easy to navigate. I found the whole process refreshingly simple. I saved a lot of money too!"
"Easy to use and value for money. Everything you need to do your tax."
"It fills in all the forms and sends them to the Inland Revenue. Not expensive either. Takes the stress out of doing your tax return online."