January 3, 201214 yr Hello, I have a tax question, I work full time as a web developer, but in my free time I also freelance (since April/May 2011). In the period of time since April/May 2011 to now I have made around £4k from freelancing. What I want to know is how do I go about paying tax on this money? Do I need to do self assessment online? If so what kind of details do I need to provide? Also would I be liable to pay the tax in full, or can I pay it off monthly? Can anyone calculate how much tax I am looking at paying. Many Thanks
January 3, 201214 yr Sounds like you have another year to go, current self assessment is for 2010-11. Have you registered as a sole trader?
January 3, 201214 yr Author Sounds like you have another year to go, current self assessment is for 2010-11. Have you registered as a sole trader? Yes, but I never got any papers through the post.
January 3, 201214 yr So for 2011-12 you don't need to do a tax return till next year, depending on when in April you started trading. If in doubt give them a call. I'm not sure how much you'll be taxed but normally for a second job I believe it's 20%
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