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Self-Employed but Very Confused - Please Help

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Perdesi007
Member
Posts: 138
Joined: Thu Feb 18, 2010 9:26 am
Location: Edinburgh

Self-Employed but Very Confused - Please Help

Post by Perdesi007 » Tue Mar 19, 2013 2:57 pm

Hey Guys,

My T1 Extension is due next month, I am showing both Salary and Self-Employed invoices to prove my funds. I am confused what exactly to show to prove Self-Employment payments.

I don't have any company registered under my name, I am working as Sole Trader as IT Specialist and provide IT Services to single users or businesses.

Last time I made my own letter head on my own name .i.e. XYZ Computers

but the company is not registered, do you think it will cause any problem if I show the same letter head again considering I am only a sole trader not working in any company.

Any Help would be appreciated.

rdamsel
Junior Member
Posts: 73
Joined: Fri Feb 01, 2013 9:24 am

Post by rdamsel » Tue Mar 19, 2013 3:15 pm

The way you have put forward this question seems like you are selling burgers on a van.

Are you registered with HMRC as self employed?

Are you paying your Class 2 NI?

Have you registered your business with HMRC?

Perdesi007
Member
Posts: 138
Joined: Thu Feb 18, 2010 9:26 am
Location: Edinburgh

Post by Perdesi007 » Tue Mar 19, 2013 3:25 pm

Yeah I am registered with HMRC and have paid the tax of last year

I also have paid NI contribution (TBH: Don't know what class)

rdamsel
Junior Member
Posts: 73
Joined: Fri Feb 01, 2013 9:24 am

Post by rdamsel » Tue Mar 19, 2013 3:32 pm

You are fine then.

Keep your Class 2 NI payment slips when you go for PEO or if sending by post include them in file.

UTR letter is not necessary but will be nice if you include that as well.

Perdesi007
Member
Posts: 138
Joined: Thu Feb 18, 2010 9:26 am
Location: Edinburgh

Post by Perdesi007 » Tue Mar 19, 2013 3:40 pm

Thank you very much for your help :-)

Really appreciate it !!!

aryana119
Newly Registered
Posts: 8
Joined: Mon Mar 25, 2013 9:48 pm

SELF Employed

Post by aryana119 » Mon Mar 25, 2013 10:17 pm

I am employed and self employed(a sole trader) as well, I am quite worried as I am going for SAME Day service. Does anyone have any experience to share?

rdamsel
Junior Member
Posts: 73
Joined: Fri Feb 01, 2013 9:24 am

Re: SELF Employed

Post by rdamsel » Tue Mar 26, 2013 9:18 am

aryana119 wrote:I am employed and self employed(a sole trader) as well, I am quite worried as I am going for SAME Day service. Does anyone have any experience to share?
The process is same like the employed only just extra document for self employed.

Class 2 NI
Accountant letter or P & L or invoices summary or invoices generated by yourself.

Perdesi007
Member
Posts: 138
Joined: Thu Feb 18, 2010 9:26 am
Location: Edinburgh

Re: SELF Employed

Post by Perdesi007 » Tue Mar 26, 2013 10:32 am

rdamsel wrote:
aryana119 wrote:I am employed and self employed(a sole trader) as well, I am quite worried as I am going for SAME Day service. Does anyone have any experience to share?
The process is same like the employed only just extra document for self employed.

Class 2 NI
Accountant letter or P & L or invoices summary or invoices generated by yourself.
would the letter from accountant and Bank statements be enough for Self-Employement or we have to show invoices as well ?

is there any thing else that would need to show apart from Class 2 Ni?

would it matter if one has paid class 2 NI altogether (i.e. £280 in one go) but it's a late payment. I think there shouldn't be any prob with it as payment has been made to them a week ago.

waiting for your kind responses.

rdamsel
Junior Member
Posts: 73
Joined: Fri Feb 01, 2013 9:24 am

Post by rdamsel » Tue Mar 26, 2013 11:41 am

Two set of evidence need to be shown from different sources. Any combination of the following is acceptable:

Bank Statements (Personal or Business) + Accountant Letter

Bank Statements (Personal or Business) + Invoice Explanation

Bank Statements (Personal or Business) + Company P&L sheet

Bank Statements (Personal or Business) + Accountant letter

Bank Statements (Personal or Business) + Client Invoices


No problem if you have paid NI in full.

Perdesi007
Member
Posts: 138
Joined: Thu Feb 18, 2010 9:26 am
Location: Edinburgh

Post by Perdesi007 » Tue Mar 26, 2013 1:59 pm

Thank You for your answers ... appreciate your help :)

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