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Self employed individuals are required to notify the Inland Revenue
Contributions Agency of commencement of self employment within
three months of commencement taking place. An automatic penalty
of £100 is imposed for failure to meet this requirement.
This applies even if the level of income is below that at
which any obligation to make self employed national insurance
contributions arises, as a separate claim is required to be lodged
to claim the
exemption for lower earnings. In the absence of that claim self
employed contributions become due.
We hope you find the above of interest and as indicated earlier,
will be pleased to advise you further on any specific points.
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T0 TAX PLANNING YEAR END 2008 CONTENTS
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