Freelance work?

Cheetah Designs · 24 Jul 2012 at 12:42

Lets say I've done some freelance work....nothing major. It would have been during periods where I would have been earning under the tax threshold and there were no major amounts of money.

Should I have declared this legally?

the_r_sole · 24 Jul 2012 at 12:47

Craig R · 24 Jul 2012 at 12:51

Cheetah Designs said:
Lets say I've done some freelance work....nothing major. It would have been during periods where I would have been earning under the tax threshold and there were no major amounts of money.

Should I have declared this legally?

You should have registered for self-assessment within a month of taking on the first job, and filled in a tax return.

Edrof · 24 Jul 2012 at 13:16

Will you have to pay it back-dated or a fine?

TMP · 24 Jul 2012 at 13:47

Craig R said:
You should have registered for self-assessment within a month of taking on the first job, and filled in a tax return.

This, I left it for 3 months or so and got a pretty serious fine

Cheetah Designs · 24 Jul 2012 at 15:03

Interesting, the lad in question is 18, was still in school whilst the jobs were completed. One recently, and one when he was 15. He didn't have a job at either time and the total was about £300.

What sort of fine is he likely to expect?

valkia · 24 Jul 2012 at 15:16

Cheetah Designs said:
Interesting, the lad in question is 18, was still in school whilst the jobs were completed. One recently, and one when he was 15. He didn't have a job at either time and the total was about £300.

What sort of fine is he likely to expect?

How can someone get caught out by doing this with only small income? Just curious, is it from the companies side once they had paid?

mothermachine · 24 Jul 2012 at 16:10

Why wouldn't he declare it though? He's under the threshold so wouldn't have been paying any tax on it anyway afaik.... no reason not to but every reason to do it.

reflux · 24 Jul 2012 at 16:17

valkia said:
How can someone get caught out by doing this with only small income? Just curious, is it from the companies side once they had paid?

I'd also be interested to know this, as I've taken a fair bit of freelance design work this year whilst between jobs.

Edrof · 24 Jul 2012 at 16:20

mothermachine said:
Why wouldn't he declare it though? He's under the threshold so wouldn't have been paying any tax on it anyway afaik.... no reason not to but every reason to do it.

Most likely that he simply didn't know he had to. Especially for small amounts.