Do i need to submit tax returns and do i need to register for VAT?
With regard to income tax and National Insurance, you should register as self employed within three months of starting to trade. You will then need to submit tax returns. With respect to VAT, you have no obligation to register for VAT until your turnover reaches £61,000 per annum, although depending on your customers you may wish to register on a voluntary basis. I hope this helps Amanda Wade-Jones A Wade Tax Consultancy amanda@tax-consultancy.co.
