Hi rich, yeah I've combed through my contract and there is nothing outlined in the contract to stop me going aheadYou'll have to check your employment contract also to make sure your employer allows this to happen.
Discuss is anybody a self employed electrician not under a scheme? in the UK Electrical Forum area at ElectriciansForums.net
Hi rich, yeah I've combed through my contract and there is nothing outlined in the contract to stop me going aheadYou'll have to check your employment contract also to make sure your employer allows this to happen.
This is the very reason I have just joined this forum, to ask my next steps.Yes I'm self employed running my own business and am not a member of a scheme.
How do I do it?
Simple, I don't normally touch domestic work.
With respect Mike... I think you're confusing VAT tax with Schedule D income tax. Regardless of whether you're registered for VAT or not, you can still claim for expenses that are 'wholly and exclusively' for the business, including various allowances for business use.But being registered as a Sole Trader you can right down the depreciation of your equipment each year against your TAX, you can also claim a proportion of your housing tax against the room you use as your trading place of business, it really is a win win situation being voluntarily registered, I am always surprised by how many people do not understand the tax rules that we operate under.
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