How to Register as Self Employed

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Juniper Lynx

Juniper Lynx

Күн бұрын

Пікірлер: 58
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Hey guys, thanks for watching our video on how to register as self employed! If you want us to take care of things for you please visit: juniperlynx.com/contact/ If you need help leave a comment.
@tahirbutt1398
@tahirbutt1398 4 жыл бұрын
Hello mam I am master in garments and hosiries in stitching I request please gave me a one chance my contact number 0092 03064800217 I am production superviser I have a expiriance latters I want job in your country this is my dream please
@damienstk240
@damienstk240 3 жыл бұрын
hello i ' ve registered for self employement last week , when do i need to fill a tax return please ? thanks a lot
@bukolaipinlaye8009
@bukolaipinlaye8009 3 жыл бұрын
Hello, please am a self employed and I have been trying to completed my registration but I do not understand when I need to start whether oct or if I can still finish it before this month end. Thank you
@Hitmansassistant
@Hitmansassistant 4 жыл бұрын
All your videos are amazing for someone new to all this. Thank you soo much for creating them
@sharaiwhite2371
@sharaiwhite2371 2 жыл бұрын
Thank you so much for this video. So if I start becoming self-employed but have not made anywhere near £1000, should I still register? Or only once I have made this amount? Thank you
@JuniperLynx
@JuniperLynx 2 жыл бұрын
Thanks for your comment! There would be no need to register if your income is under £1,000 during the tax year. However in some cases where you have significant losses (more than £1,000 worth of expenses) while starting your business, then it can be worth reporting this through self-assessment. You can either offset the loss against other earned income during the year, or carry the loss forward to set it against future profits.
@georgez5269
@georgez5269 4 жыл бұрын
Lovely human being I would like to meet more people like u in my personal life
@ohmypres5322
@ohmypres5322 4 жыл бұрын
Hi thank you so much for sharing this video with us. When you register do you need to provide bank statements or anything like that or you provide bank statements when you pay the self assessment tax
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Not that I'm aware of :) To register you simply need to notify HMRC and they'll ask for your general information such as name, address, NI number, your trading activities etc. The record keeping would be your responsibility in case HMRC needed to investigate. If you have many transactions it may be worth getting help from an accountant who assists sole traders with their bookkeeping & accounts
@JeevanThapaOfficial
@JeevanThapaOfficial 4 жыл бұрын
thank you very much. It was very helpful information specially so helpful to know UTR number stays same forever :)
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Thanks for your awesome comment! Yes the UTR stays the same so it's really simple 😊 HMRC just 'deactivates' your self-assessment record if you tell them you are no longer receiving other income.
@selfcaresounds257
@selfcaresounds257 4 жыл бұрын
I’m new to all this so it’s very helpful. Can I just confirm that if I was to begin a business in the next few months then I would need to register by October 2021? Thanks in advance.
@natx4774
@natx4774 3 жыл бұрын
Yes
@mhussainahmed3842
@mhussainahmed3842 3 жыл бұрын
Thank you so much for making it very clear nad it helped me a lot. I would really appreciate you if you could make a full video showing step by step how to file the tax return before 31st January 2021, if yes that would be really helpful for so many of us. I started as a self employed on November 2020 so my tax year is 2020/2021 (6th April 2020 to 5th April 2021) so my deadline as you explained would be 31/01/2022 online). Now my question is if I want to file the tax return after 06/04/2021 or to be specific on 01/05/2021 could I do it or I have to wait until 5/10/2021?? Thank You so much again for this wonderful explanation video I wish you all the best for your channel and god bless you.
@ghi9
@ghi9 4 жыл бұрын
Hey Juniper Lynx, I have a silly question I hope you can help with. I have Started a cleaning business September 16th. I have not yet made my first £1000 and so not registered for self assessment but I'm confused as weather I should register now for self assessment? And if I do will I still need to send a tax return by the 31st of January? And I have missed the registration deadline (5 October) so when can I or should I register for self assessment? I hope that makes sense. Great videos by the way.
@mariabanag3255
@mariabanag3255 3 жыл бұрын
Hello,just finished watching your vid..very helpful,thank you so much.. Have registered online and it says “registration successfull”…so,shall I just wait for HMRC to send me my UTR by post? thank you in advance for your time🥰
@JuniperLynx
@JuniperLynx 3 жыл бұрын
That's great news! Yes HMRC will send out the UTR by post in about 2 weeks so keep an eye out :)
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Here are the links you can follow to register as self-employed based on your circumstances... Re-register online (already have a UTR): www.tax.service.gov.uk/shortforms/form/CWF1ST Register online if you've never filed a self-assessment: www.access.service.gov.uk/registration/email Create an online personal tax account if you're already registered: www.access.service.gov.uk/login/signin/creds Complete the registration form in your browser and send by post: public-online.hmrc.gov.uk/lc/content/xfaforms/profiles/forms.html?contentRoot=repository:///Applications/NICs_iForms/1.0/CWF1_20167&template=CWF1.xdp
@mariak8081
@mariak8081 4 жыл бұрын
can you please put links in the description?
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Sorry about that! I added the links in the comment section. It should be just under my pinned comment.
@ronancasellaschuth
@ronancasellaschuth 4 жыл бұрын
Hey! Nice video! At the moment the NIN office is closed. But I'm still need to register myself as a self employed. Do you know how to do it?
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Sorry to hear the office is closed! If you've already called the main applications office at www.gov.uk/apply-national-insurance-number then I would suggest trying the general NI helpline here: www.gov.uk/government/organisations/hm-revenue-customs/contact/national-insurance-enquiries-for-employees-and-individuals
@LilBlighter
@LilBlighter 4 жыл бұрын
Hello. Does it matter if you register for Self Assessment and get your UTR number and start your very small business, but don't make £1,000? Do you still continue and declare for example £900 in earnings at the end of the Tax Year?
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Thanks for your comment! If you register for self-assessment, HMRC will be expecting a self-assessment tax return from you unless you tell them otherwise. I would recommend submitting the returns if you have regular trading activity, even if it's a small amount.
@LilBlighter
@LilBlighter 4 жыл бұрын
@@JuniperLynx thank you for your advice, it is very much appreciated.
@youcefyahia2008
@youcefyahia2008 3 жыл бұрын
Hi, how i can have the NIN if I'm not a UK or EU resident ( i already have the UTR number)?
@JuniperLynx
@JuniperLynx 3 жыл бұрын
Thanks for your comment! Unfortunately you would need to be living in the UK (resident) and have the right to work here in order to apply for a national insurance number. However it is possible to register for self-assessment without a national insurance number. For example if you need to report UK property income, HMRC would expect you to submit a UK tax return to report any income received.
@chandrashekarh2205
@chandrashekarh2205 4 жыл бұрын
Very Informative Video, I would like to know how do I change the Business address after registered as sole trader?..Thanks In Advance
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Thanks for your comment! You can update your details with HMRC here: www.gov.uk/tell-hmrc-changed-business-details As a sole trader is may be easier to call HMRC or write to them 😊
@dishydez
@dishydez 4 жыл бұрын
Great video! Is this the same as a sole trader? The same process?
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Yes, exactly the same. Self-employed is essentially the same thing as a sole trader :)
@dishydez
@dishydez 4 жыл бұрын
@@JuniperLynx Great thanks! :D
@nastasshalouw8072
@nastasshalouw8072 4 жыл бұрын
Makes sense but im confused lol I need help lol I'm thinking about starting my own wax melt and candle business starting off at home .... would I still have to register as I don't think I'll be making that much ..... im in the uk so im happy I came across your video xx
@JuniperLynx
@JuniperLynx 4 жыл бұрын
If you're only just starting out then don't worry about registering right away. In some cases it could just be considered a hobby so you don't need to register as a sole trader. If it's a hobby the sales must be infrequent and for small amounts. If you are planning to actually trade as a business then it would be best to register once you start trading.
@missb_8816
@missb_8816 4 жыл бұрын
Hi I'm in the same kind of position however I do intend to trade as a buissness but but I do expect that my sales will start of small and hopfully grow over time..should I register straight away as a self employed then?
@wendyj5122
@wendyj5122 4 жыл бұрын
Hi do you have to open a separate bank account and get a credit card? Would you also be able to advise on insurance please?
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Sole traders wouldn't need a separate bank account, you may find it helpful to get one anyway 😊 I cannot advise on insurance unfortunately. It would be best to speak directly with an insurer such as Hiscox.
@wendyj5122
@wendyj5122 4 жыл бұрын
@@JuniperLynx thank you very much 👍 👍
@robertoiliev7331
@robertoiliev7331 4 жыл бұрын
Hi, I'm sorry to bother you but I was wondering if you could help me with something, I'm trying to set up my mum as self-employed as she is an uber eats driver basically full time... however we've come to the conclusion that uber eats drivers might not be eligible to be self employed or a sole trader due to the nature of the job since my mum doesn't own the business or anything along those lines... I'd love if you could give me advice on the matter thank you..
@JuniperLynx
@JuniperLynx 4 жыл бұрын
As far as I know, uber drivers are self-employed for tax purposes because of their company's structure. You don't need to own the business as uber just acts as an agent to connect you with customers.. Your own vehicle and yourself are the business in this case :)
@deane9050
@deane9050 4 жыл бұрын
Hi Juniper , i want to start up as a sole trader, i do have a UTR number through self assessment pension i had to fill in, is this the same number to register as a sole trader, thank you very informative channel
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Yes, your UTR number is used for all personal tax matters. I'd just give HMRC a call to see that your self-assessment record is still active as they often close it down when it's no longer in use.
@deane9050
@deane9050 4 жыл бұрын
Juniper Lynx Thank you and best wishes
@mohamedelmourid548
@mohamedelmourid548 4 жыл бұрын
Thank you soo much
@colleensenior475
@colleensenior475 3 жыл бұрын
hi 👋 how do I register as self employed . as this seem to just say how to do a self assessment
@paultoader7026
@paultoader7026 4 жыл бұрын
Hi i get all redy my UTR number but after coming ather number to activate in SELF ASSESSMENT but i go there but i didn t find .
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Hi Paul, you could try contacting the online services Helpdesk here: www.gov.uk/government/organisations/hm-revenue-customs/contact/online-services-helpdesk
@paultoader7026
@paultoader7026 4 жыл бұрын
Thanks you very much, I solved it.Have good day.
@lenalarina59
@lenalarina59 4 жыл бұрын
How do I show money earned in cash?how I should show them, because almost everything earned in cash
@JuniperLynx
@JuniperLynx 4 жыл бұрын
You would normally pay cash into a business bank account to account for the sales. It also depends whether you're using cash accounting or invoice accounting (default option is invoice). An invoice would be created by you for the services and then the incoming cash payment should match the invoice value.The invoice date is the tax point for accounting purposes (i.e which tax year the income falls under). If not the outstanding balance would be added as a debtor at the end of each accounting period until paid in full. For sales (such as a small shop/stall) you would generate receipts. At the end of the day your total cash value would match the sales receipts for the day. This cash gets paid into the business account or personal account as income.
@elbasset7214
@elbasset7214 4 жыл бұрын
I tried typing the link for if you already have a utr number and it said the site can't be reached
@JuniperLynx
@JuniperLynx 4 жыл бұрын
Thanks for pointing that out! It looks like they've updated their page. You can use this page if you already have a UTR and filing online for the first time (specifically for self-employed): www.gov.uk/log-in-file-self-assessment-tax-return/register-if-youre-self-employed You can view all the registration options here: www.gov.uk/log-in-file-self-assessment-tax-return
@ANDREIINSTRUCTOR
@ANDREIINSTRUCTOR 3 жыл бұрын
Hello! I a m from Russia, can I became self-employed in London? Thx!
@angrytreenerd7888
@angrytreenerd7888 3 жыл бұрын
I tried the link at 4:47 but it comes up saying the page cant be accessed. is this an old link or has it been shut recently?
@JuniperLynx
@JuniperLynx 3 жыл бұрын
I've just checked the link and it looks like it can't be directly accessed anymore. Apologies for that! You can use this one instead which allows you to specify if you have previously registered for self-assessment: www.tax.service.gov.uk/shortforms/form/CWF1ST
@CarlisleCullenCutie
@CarlisleCullenCutie 3 жыл бұрын
@@JuniperLynx what link should be use now to register for a UTR and haven't previously registered for a self-assessment?
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