Discussion:
Taxes in the UK
(too old to reply)
Namin
2003-12-11 13:52:25 UTC
Permalink
Hi all,

I've been living in the UK for 2 years, and only recently life as a
freelance translator has finally started to show some promise. Now my
question is: As a freelance translator, is there an obligation to pay an
income tax? Can I expect my bank account to be checked by Inland Revenue? Do
I need to get in touch with them as soon as possible? And what if I don't?
If I am liable income tax, on what basis is it calculated? I really have no
idea about all these issues, so any information will be appreciated.

Nina
Owain
2003-12-11 15:52:12 UTC
Permalink
"Namin" wrote
| I've been living in the UK for 2 years, and only recently life
| as a freelance translator has finally started to show some
| promise. Now my question is: As a freelance translator,
| is there an obligation to pay an income tax?

Almost certainly yes, and possibly National Insurance contributions too

| Can I expect my bank account to be checked by Inland Revenue?

Very unlikely on a purely random basis, but if you are selected for
examination by IR or DSS, yes.

| Do I need to get in touch with them as soon as possible?

Yes. You must declare any untaxed income to them. Their website says:

What do I do when I go self-employed?
It is important that you notify the Inland Revenue and HM Customs and Excise
when you start self-employment. You can notify both departments using just
one form: CWF1, which asks for some basic information about your business.
You should keep complete records of all your business income and expenditure
so that they can be used to calculate your taxable profit at the end of your
accounting period. The records should be kept in case the Inspector asks to
see them.
Visit our Starting up in Business pages for comprehensive advice and the
form CWF1. You can also register by calling the Helpline for the Newly
Self-Employed on 08459 15 45 15.

| And what if I don't?

Tax, fines, interest charged on overdue amount, in really bad cases
bankruptcy and/or prison :-(

| If I am liable income tax, on what basis is it calculated? I really have
no
| idea about all these issues, so any information will be appreciated.

http://www.inlandrevenue.gov.uk/selfemployed/
http://www.inlandrevenue.gov.uk/startingup/index.htm
http://www.inlandrevenue.gov.uk/businesses/tmastarting-up-in-business.shtml

The following might be useful:

Inland Revenue Newly Self-Employed Helpline
Call for advice on tax and National Insurance Helpline: 08459 15 45 15 Open
from 8am to 8pm, Monday to Friday and 8am to 4pm Saturday and Sunday. To
speak to someone in Welsh, call 08457 660 830
If you're thinking of working for yourself or have just started, why not
arrange a free appointment with someone from the Inland Revenue's Business
Support teams? They can give you practical advice on the tax matters that
will affect you: record-keeping, filling in and filing your tax return - and
what to do if you take someone on. They also run local workshops
specifically for people starting self-employment. These services are all
free of charge.
http://www.inlandrevenue.gov.uk/startingup/bus_sup.htm
http://www.inlandrevenue.gov.uk/businesses/tmastarting-up-in-business.shtml

You could also contact your local small business group or chamber of
commerce.

Owain
m***@berdyczow.net
2003-12-11 16:31:39 UTC
Permalink
Post by Namin
I've been living in the UK for 2 years, and only recently life as a
freelance translator has finally started to show some promise. Now my
question is: As a freelance translator, is there an obligation to pay an
income tax?
pay tax - obligation - yes.
imo you need to register as self-employed. Technically speaking. Legally you
MUST. Whether you do, is up to you. What's your IP address btw? I should be
able to get a reward if I report you to a free and confidential helpline ;)

Can I expect my bank account to be checked by Inland Revenue?

you can expect it, I don't know how likely/unlikely it is though.
Post by Namin
I need to get in touch with them as soon as possible?
if you want to do it legally, if you want to pay taxes (ouch), National
Insurance Contributions class2 (?2 per week) and possibly class 4 (8% of
your - net, I think - income if it's more than 4K+ (more or less)
YES
Post by Namin
And what if I don't?
what CAN happen - you can be found out. (see above though)
Post by Namin
If I am liable income tax, on what basis is it calculated? I really have no
idea about all these issues, so any information will be appreciated.
see above, search internet for "Inland Revenue + freshly self-employed
helpline or a help-line to register"

Now, 1/2 OT
I don't know IF you HAVE TO have a national insurance Number. If you do and
you don't have one, quick info: you find a local Social Security office, you
call one of their lines, in our case it took over 30 messages left and over
two MONTHS for them to call back and arrange for an appointment to
investigate my girlfriend's case for NI Number. No, you can't go there
personally, not even 6 a.m. any more, not unless you already have an
appointment.
They want lots of documents and here's where the plot thickens: apart from
your ID, passport, proof of address, etc, etc, they demand (no flexibility
there) a written proof from Inland Revenue that you're self-employed. But
hey - Inland Revenue DON'T issue ANY proof, and on the occassion some of
them think they indeed issue a proof, they demand to be given your NI number
to issue that written proof. (I like that one in particular, although my
girlfriend's slighly hysterical about it)
Other people in Inland Revenue (Manual Billing Unit) claim that DWP (dep. of
work and pensions) wrongly demand that confirmation, as it is against their
own (i.e. DWP's) guidance / rules hidden in a mysterious SNAP document
(Secure National Insurance Number appointment procedures, apparently
available in every local Social Security Office, but unknown to DWP hotline
people).
Well, snap or not, DWP hotly debated the above statemetn claiming that
Inland Revenue don't know what they're talking about.
A /ei/ proof might be your self-employed National Contributions bill that
you receive in the post - quarterly. But as Inland Revenue have a huge
backlog of self-employed people to register, that takes months these days.
Apparently filling out a form (CWF1 or something).and posting it to them is
quicker.
Another way out is to locate (local Inland Revenue should hold it on record)
your unique tax reference No you are given when you attempt to register as
self-employed on the phone. Then you can call a tax office that holds your
records (might be in Swansea or Land's End, or Yorkshire :) and if you
explain yourself they might be able AND willing to issue a letter confirming
God knows what. This is the stage my girlfriend is at - still waiting for
this letter and appoitment with lovely social security looming right after
the new year.
Oh, yes, don't be surprised that during that pre-interview telephone call
(if you ever get that far) you might be asked intrusive questions like: when
did you last travel back to your country, how long for, what did you do
before you registered as self-employed, where did you get the money from to
live here, why don't you have an accountant, why don't you have (if you
don't) invoices or letters from your clients, where is your CIS card (yes, a
card issued to self-employed painters, house decorators, rope access people,
etc, never mind you've told the person you are a TRANSLATOR 6 times
already).
Funnily enough you're entitled to a National Insurance Card even if you
DON'T work. How's that versus their expectations I can't explain.
Oh, yes, you must also bring a proof that you can work in the country
legally. Either an EU passport, or one with a visa and letter from Home
Office. That requirment is quite sensible though. If you're not legally
allowed to work in the UK (say a CIS passport( it'll be tough though, so
watch out.

Still want to go legal? :P
btw, I'm NOT trying to put you off, registering for self-employment is
REALLY one call away, but the rest is off-putting, to get that
one more thing: NEVER believe that the person on the phone is telling the
true just because what they say sounds reasonable. That, in my growing
experience applies PARTICULARLY to governmental bodies such as Inland
Revenue and Social Security. Since I've called so many people with the same
problem I've heard so many wildly contradictory answers that by default I
assume they might be:
a) telling the truth, which needs to be verified by other independent
sources to be true or close to being true.
b) usually they don't know what they're talking about, but CAN'T say that,
so they make it up, based on whatever thing they heard that bears any
relation to my question. The general purpose is to get rid of you, as soon
as your problem is less than an FAQ level.
c) they dont' answer the phone.
d) nobody's accountable, despite taking down their names and even speaking
to supervisors and worth spending time demanding they become knowledgeable.

a loose thread: I think many people live and work in the UK illegally
(breaking immigration law) but pay taxes (don't break tax law)

marek
John Woodgate
2003-12-11 17:03:07 UTC
Permalink
Post by m***@berdyczow.net
why don't
you have an accountant,
Yes, I'd recommend getting an accountant NOW. Shop around for one that
is sympathetic to small business: some are only interested in million-
pound start-ups.

A good accountant can help you a lot with the IR and DWP negotiations.
Also, the advice lines you've been told about are mostly helpful, but
you do get the occasional thickhead who unloads his/her ignorance and
confusion on to you. 'Business Link' is a government initiative designed
to help people like you: there must be one in your area.

You would also get help if you joined the Federation of Small Business.
Not costly, and you get a free legal advice service.
--
Regards, John Woodgate, OOO - Own Opinions Only. http://www.jmwa.demon.co.uk
Interested in professional sound reinforcement and distribution? Then go to
http://www.isce.org.uk
PLEASE do NOT copy news posts to me by E-MAIL!
James Lee
2003-12-12 14:39:01 UTC
Permalink
You must inform the Inland Revenue as soon as posible, but first get a good
accountant. The Inland Revenue will tell you how to fill in forms, but it is
maddening work, and only an accountant will tell you how to fill them in so
that you pay the minimum amount. An accountant is also an interpreter:
he/she can make sense of otherwise incomprehensible documents. The ideal is
to have a combination of bookkeeper and accountant, so you can just pass all
bills, tax demands etc. directly on to them. It costs money, but saves money
in the end. Finding a good accountant is not always easy: they do not come
with a star rating like a restaurant or hotel. You will have to go by
personal recommendation and/or gut feeling.
HTH
James Lee

P.S. "But in this world, nothing can be said to be certain, except death and
taxes" - Benjamin Franklin

Loading...