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Registering as self employed?

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    So im 22 and want to register as self employed? However i finish uni next year and will be looking for a job and expanding my business. I currently anticipate to make 8,000 profit for this year?

    What will i need to become self employed? Can i become self employed as a student?

    Thanks
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    Yes, you can become self employed.

    If you go into employment, you can still be self employed and employed.
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    (Original post by Bill_Gates)
    So im 22 and want to register as self employed? However i finish uni next year and will be looking for a job and expanding my business. I currently anticipate to make 8,000 profit for this year?

    What will i need to become self employed? Can i become self employed as a student?

    Thanks
    If you're just after some initial guidance, take a look at this page: http://www.businesslink.gov.uk/bdotg...type=RESOURCES
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    (Original post by Illusionary)
    If you're just after some initial guidance, take a look at this page: http://www.businesslink.gov.uk/bdotg...type=RESOURCES
    Thanks! Business link is excellent shame the government cut their funding!
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    (Original post by Bill_Gates)
    So im 22 and want to register as self employed? However i finish uni next year and will be looking for a job and expanding my business. I currently anticipate to make 8,000 profit for this year?

    What will i need to become self employed? Can i become self employed as a student?

    Thanks
    You need your National Insurance number in order to phone HMRC to tell them that you're self employed. You'll also need to file a tax return. If you don't register as self employed (but you're making money on a self employed basis) then you can be fined.
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    (Original post by nearlyheadlessian)
    You need your National Insurance number in order to phone HMRC to tell them that you're self employed. You'll also need to file a tax return. If you don't register as self employed (but you're making money on a self employed basis) then you can be fined.
    Thanks!

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Updated: July 2, 2012
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