What is the requirement to register/pay tax on income earned in the UK when providing a short term contract service to a client?
System of Law: England-and-Wales
hi there - im happy to assist.If you receive any payment for a service you have provided or a business you operate, this requires you to register with HMRC, but does not necessarily mean you earn enough to require you to pay tax.You must register as self-employed within three months of starting trading otherwise you will be liable to pay a £100 fine. Call HMRC website to register or fill out the online form to register as self-employed.I hope this answers your questions. Please don't forget to click accept. Thanks in advance and positive feedback is greatly appreciated.
Chartered Accountant >15 years + Qualified IFA