Have you done your tax return? If you earned more than £1,000 freelancing in the 2018/19 tax year, you must complete HMRC’s self-assessment within the next 16 days.
If you’re choosing to hand your tax filing over to an accountant or bookkeeper, you must make sure that they register HMRC’s 64-8 form in good time.
You must also file your UTR before 31st January, which you won’t have unless you’ve registered as self-employed via HMRC’s website.
Read on for the checklist of what you need to have ready and completed before you can hand in your self-assessment.
Critics call Sajid Javid reform review to IR35 “an insult” to the freelance and contract workforce.
PSCs accuse Javid of betraying his election vows, due to his review of the tax reforms focusing on how the IR35 will be implemented, rather than looking into whether the reforms as a whole were fit to go ahead.
Julia Kermode, CEO of the Freelancer & Contractor Services Association said: “The review [focusing] on the implementation of the reforms rather than the reforms themselves…is not what was suggested [by Mr Javid].
“[And it] is not what is needed. I fear that today’s [announced review] is simply the government paying lip-service to empty election promises and [is] nothing short of an insult.”
A TUC event on 13th January was arranged to bring together leading figures from unions, businesses and community organisations in order to improve worker’s rights and end exploitation through zero-hours contracts.
At the event, unions, employers, and organisations discussed how they could band together in 2020 to put an end to zero-hour contracts.
Frances O’Grady, General Secretary of the TUC, said: “The government has promised new laws on workers’ rights. But the current proposals for a ‘right to request’ predictable hours will achieve nothing. Ireland has shown the way by banning zero-hours contracts. Britain must do the same.
“This isn’t just about doing the right thing for working people. It’s about supporting good employers too. It’s not fair
The great thing about being a freelancer is that you can work from anywhere and for clients based all over the world.
Having said that, some cities are more freelance friendly than others. Research by SmallBusinessPrices.co.uk looked into which cities were the best to become a freelancer in, based on the cost of living, needs, and job availability.
Paris led the table, with London coming in third and Hong Kong fifth. Read more about the findings here.