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Registration
If you are self-employed (you are trading in your own right) you need to register with HM Revenue & Customs as soon as you start working for yourself. If you are late, you may have to pay initial penalty.
You make the registration by:
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using form CWF1 – you can print out the form from http://www.hmrc.gov.uk/forms/cwf1
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contacting the self-employed helpline on 08459 154515
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registering on-line – for the details please see http://www.hmrc.gov.uk/selfemployed/iwtregister-as-self-employed.htm
When you are self-employed you have to:
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keep business records
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file Tax Return(s)
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pay your Income Tax
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pay your National Insurance Contributions
Find out more: http://www.hmrc.gov.uk/index.htm
