Self-employment does need to follow government policies, regulations and procedures to manage the business. Self-employment involves:
- Registering as self-employed with HM Revenue & Customs
- Marketing your product/services
- Following regulations in your industry
- Preparing invoices
- Managing your accounting
- Preparing your tax return
- Paying your tax
- Paying employees (if you have any) and managing their payroll
- Registering for VAT, preparing VAT returns, making payments to HMRC VAT
- Registering for Making Tax Digital
urHome can help immigrants register for self-employment and guide you through the process of setting up your business. We ensure you follow all the UK government rules and procedures to set up your business.