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Post Info TOPIC: One off self employment income
Leger


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One off self employment income
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Been asked (through a client) if I can set up someone as self employed, but it's only so they can submit an invoice (not to my client) for a one off.  Am I right in recalling that you can just notify HMRC if the amount is below £2000?  Invoice is for £1650 so its close, or am I probably best off doing it anyway in case she gets any future self employed work.



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John 

 

 

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Artois


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Hi John

Do they have other income?



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Leger


Master Book-keeper

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Hi Doug, as far as I know they have employment income too, but under the threshold.  



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Artois


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Hi John

HMRC says you can contact them if your untaxed income is less than £2500, however I did always think that this was only for rental income (not sure why)

I think you should speak to the woman yourself about her plans for the future and see if more self employment work is on the cards if it is a possibility then register her as self-employed and hopefully you will have a new client, if this is a one off and she can just declare this amount to HMRC I would leave it at that, that's just my opinion 



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Cheshire


Master Book-keeper

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Hi boys
Ive used the coding option for non rental income before. There are conditions - see below

www.gov.uk/pay-self-assessment-tax-bill/through-your-tax-code

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 Joanne 

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Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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