Chapter 6 – Section 4 Working for yourself

Chapter 6 – Section 4

Working for yourself

Tax

Self-employed people are responsible for paying their own tax and National Insurance. They have to keep detailed records of what they earn and spend on the business and send their business accounts to
HM Revenue and Customs every year. Most self-employed people use an accountant to make sure they pay the correct tax and claim all the possible tax allowances.
As soon as you become self-employed you should register yourself for tax and National Insurance by ringing the HM Revenue and Customs telephone helpline for people who are self-employed, on 0845 915 4515.

Help and advice

Banks can give information and advice on setting up your own business and offer start-up loans, which need to be repaid with interest. Government grants and other financial support may be available. You can get details of these and advice on becoming self-employed from Business Link, a government-funded project for people starting or running a business- www.businesslink.gov.uktelephone: 0845 600 9 006.

Working in Europe

British citizens can work in any country that is a member of the European Economic Area (EEA). In general, they have the same employment rights as a citizen of that country or state.