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Post Info TOPIC: Returning to self-employment
YvonneB


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Returning to self-employment
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Hi all, i've been lurking for a few weeks but only just saying hi! Lots of great info on this site.

I was a self-employed bookkeeper from 1979 until 2007 then had the opportunity to go off on my travels when the kids left home. I'd like to return to self-employment now but wow, things have changed since 2007! All this AML stuff sounds like bit of a nightmare...

Should my first course of action be to stump up my £110 and register with HMRC under the AML rules? If so, how long does it take to come through?

Anything else I need to do to avoid any pitfalls along the way? All advice gratefully received smile

 



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111 Bookkeeping and Payroll


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Hi Yvonne

Welcome, and glad you're enjoying the forum. As the saying goes, you don't have to be mad to post here, but it helps  biggrinbiggrin

You will need to register with HMRC under the money laundering scheme.  From memory it takes no more than a couple of weeks.  I would also register with the Information Commissioners Office (ICO) regarding data protection rules.  Costs £35 a year.   There is some debate as to whether it's essential to register with ICO but I always have just to be on the safe side.

 



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John
YvonneB


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Hi John, thanks very much - i've posted off my application this morning. Yes, i'd been looking at the data protection registration as well. Happily my prospective clients are all happy to wait until i'm legal and above board.

I've found over the years that bookkeeping skills are great to have - i've been doing agency work each year during the winter to fund my travels

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Kinbuck


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Hi Yvonne

I'm just starting out and registered with HMRC for the money laundering scheme in January. I received what must have been a standard letter telling me it could take up to 45 days...and 3 days later had my certificate! ICO was also very quick.

All the best
Janet


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Janet

They keep making the system idiot proof but then make bigger and better idiots!
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