So I am wanting to do some freelance work whilst at university and after looking into it I am unsure what steps I need to take.
Do I need to register as a sole trader? If I don't can I still invoice customers?
I am particularly confused about the money I will need to pay if I do set up as a sole trader because I expect to make at best around a £1000 (still, highly unlikely) so I gather I won't need to pay VAT or Corporation Tax but what about National Insurance? Would I still be expected to pay this as I would not be making that much.
As you can gather I am very confused so any help you can offer would be very much appreciated, thanks in advance.
Do I need to register as a sole trader? If I don't can I still invoice customers?
I am particularly confused about the money I will need to pay if I do set up as a sole trader because I expect to make at best around a £1000 (still, highly unlikely) so I gather I won't need to pay VAT or Corporation Tax but what about National Insurance? Would I still be expected to pay this as I would not be making that much.
As you can gather I am very confused so any help you can offer would be very much appreciated, thanks in advance.
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