Hi guys, I have a full-time proper job paying around £50K per year. In addition to this, an opportunity has arisen for me to earn a little bit extra as a freelancer. We're talking small amounts here - absolute most it would be during a full year is about £2,500 extra. Anyhow, I want to make sure I do things right with the tax man. Can anyone advise what I need to do? Do I have to register as self-employed and/or make any payments on account (I have read that self employed people make 2 payments on account throughout the year)? Do I need to do a tax return, and if so, how do I go about doing this? Do I need to start paying Class 2 NI contributions in addition to what I pay via my main employer?Any advice would be really welcomed please. I plan to call HMRC tomorrow to find out more. I would contact an accountant for advice, but it doesn't seem worth it seeing as we're talking about such small sums of money. But I do want to make sure I do everything properly.Thanks again.

Hello, I found an accountant who seems great, Contractor Unlimited. Really helpful and a guy Tony I deal with really knows his stuff and pretty much runs my company for me now. I suggest you give them a look!

you'll need to register for self-assessment and then declare it on your tax return. if you do it online, it will automatically calculate how much tax you need to pay. then you just pay it.regarding NI, at that sort of level you can register for exemption. call your friends at HMRC to get that done... important that you do get the certificate of exemption though

Wait until you actually earn the money - then worry about the tax

no income tax, no VATno money back, no guarantee