Freelance Question!!
Freelance Question!!
Out of context: Reply #6
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- maikel0
It is better to be registered but a bit of a pain, paperwork-wise.
I would say that if your annual turnover is less than 40k you are fine a sole trader. Specially if your clients are small shops and/or individuals.
If you are working for the corporate, they may want you to be an LTD company, specially if working for the government. Also, EVERY company will want to deduct VAT so it is good to be subscribed.
The law changed recently and now you can incorporate a single-person LTD whereas before you had to have at least a director and a secretary.
If you have spare time ask in Business Link... they give you free advise. But be quick, as I am sure that the Tories will scrap that scheme rather soon.