Declare freelance earnings?
Out of context: Reply #18
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- SkyPoo0
ihavenomouth,
If the companies you are freelancing for are legit businesses then they shouldn't even be paying your bill without getting your tax reference number up front. The Inland Revenue will punish them at their next tax inspection, and you would then be in the shit once your client/s are forced to reveal you. You would then be done for tax evasion... that is treated very seriously and not worth the couple of hundred quid taxes you feel you might be getting away with at the moment. If you are in full time employment as well, then I think you just add your freelance as additional income on your next P60.
As for claiming the VAT back on a Macbook it doesn't work like that. You can't claim VAT back until you are VAT registered, and you don't become VAT registered just to process a few k's worth of freelance - its more complicated than that imho.