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If you can answer yes to any of the above then you are self employed and you'll need to complete a self assessment tax return form each year. The tax return will show to HMRC how much you earned during the tax year and what you spent to get those earnings. You will then be taxed on that profit. Your tax return needs to be submitted to HMRC by the 31st January after the end of the tax year.
Here at Taxdoctor we provide a unique fixed fee tax return service to help you deal with your self employed tax issues. We gather all the information from you over the phone and by email so there's no need for you to leave your desk! Learn more about how it works.
