UK Freelance advice
Out of context: Reply #6
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- Dancer0
Hello ablessing.
I am assuming you are already paid through PAYE as a fulltime employee elsewhere.
There are a few factors that need to be considered here.
At your current job are you contractually obliged to only your employer? If they find out you could be up for a wrist slap. If you are happy to take the risk, and most, if not all, designers do! then you have to think how much you will earn on a freelance basis.Tax:
If it is just the odd job then I would not worry too much about the tax man. You can earn almost almost £4.7k/year before you have to claim anything. But I imagine your PAYE takes up that entitlement.NI:
You will only have to pay this if you register as a soletrader. Which I doubt you need to.VAT:
You CAN register but I do not see the point as it just involves more paper work and you are not selling products therefore it is not that beneficial to you. If you earn over £60k however, it is mandatory to register for VAT.Good luck