right this is what i have learn't, and not from ***** business link as they just confuse the hell out of me and liel many more.
im on benefits - yes you can work for 80£ a week or 16 hours but you must tell them
do you need to register a company name if you are a sole trader - no you can work under any name even your own but you must state your name first the your company name afterwards for invoices and any items stating so
you can benefit from voluntary vat registration as companies will expemt you from paying vat on their products which helps you in the long run and also helps you become ready for when you gain the amount for doing vat returns later when you pass 64k
national insurance, straight away, go to your local inland revenue get some forms, fill them in and if sole trading you pay 2.50£per week , which you can pay monthly which in the long run will cause issues if you forget,or direct debit which is more esier way.
Last edited by Anthony : 28-10-2007 at 10:04 PM.
Reason: Mod Edit: Bad Language Removed
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October 2008
