Self Employed | How to Register for Self Assessment Made Simple (Step by Step Tutorial)
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- Äas pĆidĂĄn 2. 08. 2024
- How to register as self employed! This is a simple step by step tutorial on how to register for self assessment in the UK, in other words becoming a sole trader. There are a number of services offering to register you for self assessment for a fee, but you shouldn't have to pay anyone. Registering as a sole trader couldn't be any easier, you simply have to follow the step-by-step process on the gov.uk website as shown in this video and you'll be up and running within a week or so.
To make the whole process a lot simpler, throughout the video I take you through a real life example so you can see exactly what to do in order to register for self assessment and tell the UK government that you're now self employed!
As a bonus, towards the end of the video I share my top 3 business tips to give you an advantage once you're trading as a sole trader.
Timestamps
00:00 Introduction
00:41 Starting the Application
02:26 Creating a Government Gateway ID
10:25 Business Tip #1
12:36 Business Tip #2
13:55 Business Tip #3
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Hey guys, before registering as a sole trader it's important to setup the correct type of business. I've made a video comparing sole trader vs limited company which should help with making the right decision! Here it is: czcams.com/video/JUY0bX-BKQk/video.html
To schedule a 1-to-1 coaching call with me: bit.ly/3UbUSeN
For those asking about virtual addresses then I highly recommend 1st formations: 1st-formations-limited.sjv.io/c/2683763/899281/12045
Thanks for all the lovely messages and if you need any help then feel free to ask, I aim to answer every single question on my channel! Good luck for now đ
hello im from morocco i can register in the self employed uk ? please
This is what I did I think. Iâm hopefully going to have time today to give them a call.
Genuinely can't thank you enough for this. There's actually videos out there that lead you in completely the wrong direction. I've bookmarked this for later! Thank you so much
Hey Amy, Iâm glad you found it helpful and wish you the very best with your business!
The most helpful video so far! Thanks for clearing things up!
My pleasure mate, glad you found it useful!
I came across this video and this has helped me immensely - thank you. I was going through so many different channels (links) to register as self employed with HMRC and now this is a simplified method. Thank you for your business tips. This is my first encounter going down this route as self-employed and I have faith that I will get through this with perseverance. Good luck to all those who have decided to take this route of self employment.
Hey Malibu, that's a lovely message! The road down self employment can certainly get bumpy at times but it has much better views! Good luck and please keep me posted on how you get on with it đđ
Thank you for the video, Mario! I recently stumbled upon your channel and I really like your content. I also appreciate your points about resilience when it comes to living as a human on this planet - as you rightly put it :-) Well, you have a new subscriber now and keep up the amazing work!
Hey, thanks for your comment and Iâm glad youâre finding it useful. I think resilience is key and funnily enough I find that when youâre aware of that, your resilience naturally grows. Wish you the best with your endeavours! đ
Thank you - What a relief to find calm assistance
Haha thanks for the comment and good luck with your company đ
waaaoo thank you so much very helpful, and what I love the most is the tips u gave at the end. I am so like you. So glad to know that someone else have same principle as međThanks again
My pleasure Salima and I'm glad you enjoyed the tips at the end, I hope they work for you as they did for me! I wish you the best and let me know how things go đ
Your videos is so clear and quite useful, many thanks for making this.
Thanks for the comment and Iâm glad I could help đ
Very informative video. Tip number one so true; really good advice. Just what I was looking for.
Hey Amir, I'm glad the video was helpful! Wish you the best of luck with your business and let me know how you crack on đ
Mate if it wasn't for this video would not have known how to register for self assessment awesome video much appreciated đ
Apologies for the late response but I hope you utilised all the info and youâre all set up now! Good luck with your business!
This is really useful! Thank you The Holistic Hustle.. please publish more super relevant & helps clear everything
Hi Naeem, my pleasure! Glad you found it helpful and I wish you the very best with your business. Should you need anything else then feel free to get in touch, good luck for now đ
Hey there, this is very helpful! Thank you so much!!
My pleasure and thanks for taking the time to leave a comment đ
Great video, brilliant tips, thanks.
Thanks, and I'm always here to answer any questions related to self employment and general business issues đ
Thanks, have learned alot from your previous videos, keep it up.
My pleasure Moses.. I hope you keep learning and most importantly I hope you apply what you've learnt and build yourself a successful business and desired lifestyle. Keep me posted with how you get on or whether you need help with anything! Good luck for now đ
Are you on IG btw?
Thank you for the info you helped me set up!
My pleasure Ellzy, don't forget me when you've made it đ
thank you! This was helpful! thanks for the tips
My pleasure, thanks đ
Thank you mate, really helped!
Glad the video was helpful! Wish you the best of luck with your business đ
Very good vid. Thanks mate.
Thanks Edward đ
very nice video. easy to explian and straight forward
My pleasure and good luck with your business đ
Great video, thanks!
My pleasure Burhan, I'm glad you found it useful.. I wish you the very best of luck with your business đ
Excellent explaination, thank you
Thanks Norman and I wish you success with your new self employment đ
It's great best clear understand thank you đ
My pleasure đ
Great Video, Need to take the plunge but its this side of things worry me. Selling is fine.
Hey David, I agree this stuff is daunting at the start but you'll quickly get used to it and hopefully sooner rather than later can pay an accountant to look after the side whilst you're focussing on growing the business! Let me know how you get on or if there's anything else I can help withđ
Thanks for making this video. I like the advices you gave us. I will definitely keep secret me going into business to my love ones. And for the business plan it is true that you feel like you have to have the perfect one and that delays you to start. Thanks for the great tips again :)
Hey Beatrice, thanks for taking the time to leave a comment đ. I know! Its happened to me numerous times in the past. My pleasure and good luck with your business đ
@@TheHolisticHustle Thanks :)
really good topic đ
Thanks and glad you enjoyed the video đ
thank you so much for this, I just registered as a self employed thanks to you after many weeks of thinking about how to do it. thank you. p.s. could you please give us the titles of the books you mentioned? đ€
Hey Timea, I'm glad to hear that đ.. Yes I would start with the following:
How to win friends and influence people
Think and grow rich
Zero to one
Atomic habits
Let me know if you need anything else âșïž
@@TheHolisticHustle I have this books , they have changed my life .
Can you please , tell me how to register for self employed , if you are employed . I have a friend who wants to, and he is employed plus he started second job as a self employed. . Thanks in advance
Great content! I am learning so much from you. I have a question, I am sorry if it is silly. If I am currently in full time employment, but have set up a limited company and allocated myself the role of Company Director and 100% shareholder, do I need to register as self employed? If not, what do I register as, or do I just get an accountant to manage this additional income stream that I will have from the limited company?
Hey it depends on whether you want to be paying yourself from the limited company or not in the form of PAYE or Dividends. If you wonât be paying yourself then you wonât need to register as anything as just get your accountant to do the accounts đ
Great video, thank you! I have a question.. So when buying from certain companies they ask for a VAT number which I haven't got as I donât turnover ÂŁ85k+.. can you request a VAT number without having to apply for self-assesment..?
Hey there,
Yes you can! It's called voluntary vat registration, but depending on what you sell/what industry you're in, by doing so you'd need to pay an additional tax (VAT) which is around 20% on your annual sales.
Only a handful of companies are better off by voluntarily registering for vat before they have to and it all depends on the product/service you sell. Essentially, if the vat you claim back outweighs the additional tax you're subject to then it's financially beneficial.
There's two main types of vat and I have made a video on each of them to help with these questions so feel free to search through my videos and make sure to watch them and understand them before making any decisions!
All the best for now đ
great tips
Thanks Famp đ
Hi Mario
What options are there if you do not want to use home address as a business address? Because on google it say your address will we shared online. So apart from paying lots for the London forwarding address is there a cheaper simple way?
Hi Rusha,
Unfortunately there's not much you can do about that. The virtual addresses can be pricey but with regards to the level of service you get then you can't go wrong. I mean you can ask a friend to use their address but if they're not on their toes and forwarding you important letters from HMRC you might end up missing something important or getting late penalty fees and so on!
Hi mate. Great video. At 6:18 when it asks are you self employed youbselcted yes. In my situation I'll be doing it(self employed) along side my current employed job. What would I do in this instance? Appreciate your time
Hey there, I believe you'll still need to select self assessment but you'll need to let HMRC know that you're working two jobs so they can correct your tax code. I would also look into opening a limited company instead as you could keep any earnings in there, not affect your tax and when you're ready you can make the full time switch
well done!
Thanks for the comment and hope the video helped!
Hello Mario, thanks a lot for the video. Can I do all these steps if Iâm a US citizen as well? Or is this video only for UK citizens
Hey there, as a US citizen I believe you'll need to setup a limited company as opposed to self employment but it's worth contacting gov.uk to find out what options you have đ
Hi
Thank you for this video , for some reason after I fill everything out it doesnât give me a utr number if takes me to another page to fill out more information
Hey Jodi, did you manage to get this sorted?
Great video can I ask a question? When you register as self employed do you need to fill out a self assessment straight away or at the end of your 1st year of trading? Thanks
Hi Paul, it would be at the end of the first trading year for self employment and/or limited company. Good luck with your business đ„
Hi Mario, your videos are simply top notch! Clearly explained and above all you welcome questions! Such a great resource. Thank you!! Look forward to more from you. For now, here's my question, can the registered office link from 1st formations be used if you're a soletrader or is that just for companies?
Hey assayed, thanks for your message and with regards to your question you can certainly use a virtual address as a sole trader but it is more necessary for limited companies đ
Thanks Mario, it was to protect my address when registering for a trademark. Am I right in thinking the only way to do that would be by using a virtual address?
Great video well presented - quick question if I became s/e in June 2022 - would I need to wait until after April 6th 2023 to register to complete a return by 31 Jan 2024? HMRC says has to be done in the second tax year after the start date!? Many thanks LJ.
Hey LJ, yes I believe that is correct!
Thanks so much for this. Do you need to put a UK address for your sole trading business?
Yes you do đ
Hey thanks so much for the video it's really helpful though I got stuck would you help please? When it asks for UTR even though I have one (no matter if I click yes or no) the next steps says which describes you best and mine only as 2 options partnership or trust, there is no option for sole trader like on your video :( any idea why? I am in full employment, registered on HMRC with my personal tax account and looking to register as self employed as a second job, any clues will be appreciated! :)
Hey Joanna, this sounds like a glitch, I would contact gov.uk directly by phone and find out what the issue is đ
So once this is done you are a registered sole trader business? And afterwards would you advise speaking to an account about creating a deeper age bank account to your personal one etc
Hi C, yes that's right, after this you'll be registered as a sole trader and will begin filing for self assessment tax returns. You'll have to educate me on that deeper age banks are?
Hi thank you for the video! Quick question what if I am self employed as a locum for 7 weeks do I still need to submit a self assessment return?
Hey there,
Great question, I believe the answer would be yes if you earned more than ÂŁ1,000 but please get in touch with HMRC for a more accurate answer đ
Hello, this video is quite helpful. Iâm stuck on identity confirmation. What if someone have no Uk passport or payslip or credit card.
Hi Shamrose, for any questions like this related to self employment I would contact the HMRC directly! They will be able to answer any questions related to registering as a sole trader đ
Hi mate Iâve just registered as a sole trader and pair the ÂŁ47 fee, They emailed me to say theyâre checking the details given and if their correct I should receive a UTR number within 15 days, Iâve signed up for a government gateway/personal tax account, however it wonât allow me to log in unless I confirm my identity in two ways, a U.K. passport, a Northern Ireland driving licence or a phone contract history, I donât have either of those so itâs impossible for me to confirm it, Iâm not sure what to do here, is there any other way to file self employment tax or can you only do it through the government gateway account? Any help would be massively appreciated
I would contact HMRC directly about this, I'm sure there will be a way around it đ
Hi, Iâm trying to follow these steps but it does not add up to what you see on screen. There are certain differences in the pages on this video and the ones the appear on gov website. No matter which way I navigate the process I still find options coming up that arenât in this video such as adding a business tax summary? Very confused as to what went wrong and what I need to apply for as a person wanting to work as self employed in order to join companies that take on a contract basis etc
It asks for details regarding business registration etc. I donât have a business or work for one I am trying to get UTR Number in order to work for a company as self employed. Therefore I donât have a company address contact details etc to provide.
Hey there, I'm not sure what's going wrong here but I'd highly recommend you get in touch with the support team on gov.uk and find out what the issue is âșïž
Hello, thank you very much for this content, amazingly helpful. I want work as employee in an other company until my business is able to sustain me my question is: Do I need to provide any documentation about my actual job at the moment of the registration? If yes, which ones do I need to provide?
Thank you again.
Hey Fay, no I don't believe so! Or at least I didn't have to when I was in that situation. Hope that helps and all the best! đ
@@TheHolisticHustle thank you so much đ
Thanks for your help! I have some question: what do I have to do when I do hold the British Passport?
Hey there, for any questions like this related to self employment I would contact the HMRC directly! They will be able to answer any questions related to registering as a sole trader đ
Hi, thank you so much for such useful video, especially for the last 3 advices! I've subscribed and going to watch all videos on your channel :)
Could you give another short advice please? I've just come to UK and not sure if I have to register as a sole trader before I start (I'm just creating my own business web-page, price list, etc.) or I can do it after the first income from customer?
And also, how should I receive money transfers for my job? Just to ask customer to send it to my credit card? Should I provide any invoice and how can I do that before registering?
Thank you so much!
Hi Marina, well done, it sounds like you're getting stuck in before giving yourself time to properly settle đ.
With regards to the invoicing, it depends what work you're doing, but in most cases you would invoice the customer and they would send money to your bank account. You won't be able to get paid into a credit card so I would advise you to open a bank account. If you struggle to on the high street then try something like Monzo/Wise/Starling.
For the initial question, please contact gov.uk by phone, they're telephone service is very helpful and they should be able to answer questions like this in no time. They're also a lot clearer over the phone and nowhere near as confusing as they're website. Hope that helps!
@@TheHolisticHustle It does help so much. Thanks a lot for your time and knowledge!
Hi Mario, I wanted to register a business tax gateway id with a trading name for self assessment. If I want to use a trading name other than my personal full name as self employed . How do I go about?
Hey there, I don't believe you actually set that anywhere but you can just 'trade as' any given name, as long as it hasn't been registered as a trademark đ
When I enter the access code I donât reach the business tax summary page it takes me to a âwe need to check your identity pageâ?
Have you been able to verify your identity?
I have just signed up for the self assessment. Now do I just wait for my UTR to come through the post or will it show up on my Gateway account or both? What is the next step?
Hi Sylocke, the UTR will come through the post around 7 days after registering. Then youâll be able to use that to sign into your account.
Thanks for the video. When applying for the first time for the tax year April 2023- April 2024 the October deadline to register is it by Oct 2023 or Oct 2024?
Hey I believe itâs by October 2024 but it depends on the date of registration so please check this with an accountant đ
Thanks for video and process explained.Is essential to link self employment account with company name you display to clients?
Thanks and no itâs not essential đ
Thank you for the video, Mario. It's absolutely helpful.
Is there any problem if I register as self-employed, already having an LTD company in my name?
My pleasure and no not at all, but try to use the same accountant so they can successfully account for both businesses đ
very helpful video but i cant register because i dont have any two items to select from the given check boxes ( uk passport,) in this case what would u refer to do fir me get the self assessment
Please get in touch with gov.uk
Thanks for this. Really useful. Do you know if I need to create a new [separate] Government Gateway account for my sole trader business? I already have one for my personal things like childcare hours etc. Many thanks.
Hi Jonathan, yes you'll need a separate login for each business đ
Have you get an answer for this question? I'm in same situation.
Hi I have followed all steps. But it just signed out once I had completed all forms. Now I am not sure if I just need to wait until I receive UTR in post?
Hey Sharna, if youâre not sure then give HMRC a call and ask them to check for you. Have you received any emails or anything with a reference?
So from the perspective of an individual who's never been registered as a Self-Employed, would've been nice to cover what are the commitments or procedures. If previously I worked as a full-time employee of an organisation or company, and in between changing jobs I think I could freelance and I register as a self-employed however, I don't manage to make any income during the period of my self-employment - do I still need to spend time to complete forms and submit them and be worried if I don't do it before a certain deadline, I would get penalties and other debt letters from HRMC? How about if I got back to full-time employment in the meantime, do I need to unregister and dissolve the Self-Employment account? - I'd rather keep everything under 1 account (tax id) as HMRC are notorious for messing up the wages and the tax codes. One month they say they owe you money and the next one they say you owe them twice as much. đđ»
Hey there, thanks for your comments and these questions will certainly help me help you guys going forward! Unfortunately Iâve just seen this comment and given the time itâs been left it Iâm guessing you have the answers but if not, feel free to ask anything in a new comment so I get notified and Iâll get back!
If you have a ltd company which isnât trading can you get an individual utr number to work under??
Hey Paul,
Can you clarify whether you're asking if you can have a limited company and a separate self employment unrelated to the limited company. Or whether you're asking if you get a UTR number with each limited company you open?
Hi mate! I've followed all the steps but when i get to my 'Account home ' page (9:01) I don't have any option for Self Assessment. I can't find anything anywhere to even say that I've even completed the process. Do I need to wait for a UTR to come through or have i done something wirong? Would appreciate any help or advice.
Thanks for the upload, liked and subbed!!
Hey Omar, apologies for the delay in getting back to you! Yes you'll need to edit for your UTR before you can sign in. If you're unsure whether you've properly completed the process then feel free to contact HMRC on the number provided in there videos description đ
Did you get a UTR in the end Omar? Same thing has happened to me đ
i'm 16 and tried to register as sole trader for my agency but it only provided me with passport and driving license. i don't have a driving license so i can't register. is there any way around this or do i have to wait?
Hi Rowan, I would get in touch with gov.uk directly for this!
Thanks for thos helpful content. Very informative.
Question:
I curently have a full time job but would like to register as a sole trading company (before switching to a limited company in the future). I do have an existing account with HMRC howevere, following your steps on this video, iam being asked to state the date the business started, even though i havent been able to register the company yet as a sole trader.
Can you please provide some help with this? Is there another indépendant site to register as a sole company before appliying to HMRC?
Hey there, unfortunately there is no other site to register as self employed
I registered years ago as a sole trader then closed and stopped filing SA. I've re activated my account as I have a different business now. (Still sole trader) Do I register the name or just do self assessment tax returns? I'm opening a shop too. So confused as I don't want to do it wrong!
Hi Becky, out of curiosity why did you not register a limited company if you're opening a shop? You'll need to register again but it's a slightly different application, I briefly mention it towards the start of the video, once you're up and running again you'll need to submit accounts again đ
Hi Mario, if i was to register for self assessment and then wanted to stay employed for a couple of months, is this possible? or as soon as i register for self assessment am i required to be working as a sole trader
Hey Tom,
You can register for self assessment whilst youâre employed đ
The option in video to register for first time isnât there,any help would be appreciated
Hi Dave, if the option isnât there then I would advise calling the customer helpline in the videos description to find out whatâs going on and where it has been moved to if so. Let me know how it goes and good luck!
Hi, thanks for your video it is very informative.
But can I ask you some questions please?
I am confused about applying self-employment, I am currently working right now as employed in a site construction company. I do not have any business and I wanted to be self-employed, I am trying to do this process and I selected the sole trader and etc but when I come up to the identity check, I cannot continue as I am not holding UK passport and don't have yet a payslip and etc. Can you please advise me what are the other ways in applying self employed?
Hi Gladys, if youâre working in a construction company and you donât have a business why do you want to register as self employed? Moreover, I would either wait to get payslips or contact HMRC directly. Hope that helps đ
Are you able to register as self-employed during the tax year of your first year of trading or is it best to wait to register until the tax year is over? I started self-employment in June 2022 but I'm not sure if I register now in October 2022 it will give me the 2021-2022 return to do instead. Thanks.
I would advise to just register for self employment when youâre ready to start trading, it doesnât make much of a difference.
Thankyou for the video it was helpful. I had a question, I have been offered a consultancy based contract by an employer for 3 months period, so should I register as a Self Employed person and follow the same steps ? Before which date do we need to pay our taxes ? Please can you let me know, that would be great.
Hey, with regards to short term contracts I believe you would need to do the same but I would check with gov.uk if there is another scheme you can sign up to if you think itâll be your only job. Your taxes would be calculated between 6th April to 5th April the following year and would need to be completed by January đ
Hi, please I would need your support and direction. I mistakenly ended up opening a limited company when indeed It was self employed/sole trader I wanted, this is before I watched this video. However, what I needed this for insist on self employment/sole trader status.
What do I do now?
Do I have to create a self employed account again which wouldn't affect me in anyway?
Hey you would simply need to close the limited company and then register as self employed đ
Hey mate I just wanted to know if I'm setting up a web design business is a sole trader right for it? I'm thinking of a sole trader since i wont reach a certain income threshold. Also this video instructions it's to setup a sole trader as well right? Also do u know what types of insurance il need for a web design business?
Thanks. Also last q. Did the process ask to enter the organisation name? I.e company name
Hi Nik, yes a sole trader is sufficient for this. If you start getting my loads of jobs and need to hire people etc maybe transition into a limited company later on
hello i need help, ive recently decided to start up a side hustle from my current job. do i not have to register as a sole trader? as i haven't earned any money from it currently.
Hey Tom, no you don't need to register until you're side hustle has earned over ÂŁ1000 in any given tax year đ
Hi there, at 9:01 your page now has Self Assessment on it. Did that show up for you instantly? I've followed all your steps and completed the application, but didn't get any confirmation that it worked via email or anything. Did you get anything or did you just have to wait and see? Thanks for the video btw, it was really useful because this was really hard to figure out.
My pleasure mate, has this been sorted now?
Hi Mario!
I followed this video as a guide and did everything the same way you did it. However, on my personal tax account home page there isn't a clickable section saying 'self assessment ' I also have no idea if I have a UTR code on the way. Have I done something wrong?
Hey Niall, Iâm not sure what the issue is here but I would get in contact with HMRC using the contact number in the videos description đ
Same, i registered and I dont see a 'self assessment' section. I dont know if i'm been accepted and my UTR is on the way. Did you get any update? Did you UTR arrive?
@@yu-huiyang6959 Its weird, even the government does a poor job of explaining it. The website is no help either as to what you're supposed to do next. I applied for the UTR a while ago now and i still haven't received a letter or got an email to say if I've been accepted or rejected. The whole process is a shambles
I was self employed 7 years ago, but finished 4 years ago. I can't find that old UTR number so do I request a new one or ask for a document with that old number on so I can reuse it? I'm planning on going back self employed this summer.
Hey mate, is the self employment you're going back into the same business as your old one? If not, then just request a new UTR otherwise call HMRC and I'm sure they'll be able to give it to you. Hope that helps đ
@@TheHolisticHustle Same type of business, but in a different place, new name etc. Thanks for the help etc. I might just give them a call on my week off soon.
I've got a question, once I have registered for self assessment and I decide to postpone trading to a later date for any given reason, are there any immediate responsibilities that i need to be aware of after registering? Thanks for the video
Hi Daniel, no not necessarily, although depending on how long you take off you may still need to complete a tax return (even if you havenât traded and your income is ÂŁ0).
I need to register as a sole trader in n construction and industry and then register for CIS Tax , really struggling with it ,any advice would be great.
Hey Adam, what parts are you struggling with? Have you watched the video?
But what do you do if you hold a foreign passport? Seems like you have to have one to access the gateway, so they can confirm your identity. I've emailed HMRC about this.
Hi Suchi, did they get back to you? If you're unable to register as self employed then feel free to open a limited company, as I know you don't need to be a citizen for that. I've made a video so feel free to check it out. Until then, good luck!
the problem is i need to register my business or else I cant use this website and this website is crucial in generating money so I cant earn money until I register but I cant register until I earn money?
Hi Ben, who said you canât register until you earn money? You can register for self employment at any point in your life as long as youâre over 18. The ÂŁ1000 threshold is the mandatory threshold but this doesnât mean you canât register before that. Good luck with your business đ
Can i use the same gov gateway id for PAYE and for sole trader?
Hi Raul, Iâm not sure if you can but itâs best to keep them separate.
hello, how long does it roughly take to hear back from the application ?
Hey itâll take around a week to receive your UTR number đ
If you have a government gateway number for personal tax would you need to create another one for business tax?
Hey Sonal, yes each business should have its own government gateway number and UTR đ
Hi, is this the same method for registering an online coaching business?
Hey, yes it is but it would depend on whether youâre registering as self employed or a limited company. If youâre not sure on which one then I have a separate video on that so feel free to check it out:
czcams.com/video/JUY0bX-BKQk/video.html
Will HMRC ask you for your bank details as well to charge the corresponding account with any tax? Or will they just not ask you for that? Also if I was to register this month (October), will I have to pay my tax by Jan 31st 2023 or would I be paying the year after that so jan 31st 2024?
Thank you â€
No they wonât ask for your bank details, youâll just make a bank transfer when the time comes đ
I have a company name that I would like to trademark and also a product name that Iâd like to trademark, would I have to repeat the process twice ? Thx
Hi Paul, yes that's correct, you would need to register two separate trademark applications. These is benefit in this too! If one of the applications doesn't get approved or has some sort of issues, this won't affect the other one đ
Iâve had issues verifying my account I donât have a passport or Northern Ireland driver license to verify my identity
Hi JC, for any questions like this related to registering to become a sole trader I would contact the HMRC directly! They will be able to answer any questions related to self employment đ
Hi. Thanks for video. When should write name which you want to use? I didn't really understand this.
Hey, I don't completely understand your question, can you rephrase it?
@@TheHolisticHustle hi. Can I use the name like name of company, not my nam and surname? Thanks
@@TheHolisticHustle today I have registred as self-employed. It was bit different, but your video was really helphull, I have recommended it for my friends.
Do you have any video about taxes declarations for tax year in april for self-employed?
Thanks!
Regarding the Gov Gateway set up, do you create a new account for your sole trader business, or do you use your current account with them?
For example, I am fully employed by a company, but I am looking to set up as a sole trader also for weekend work etc. Do I us emy current gateway account, or would it be safer to set up a new/second account?
Hi Scott, you'll need a new government gateway ID for each business so yes you should create a new account. Good luck mate đ
@@TheHolisticHustle Thank you!!!
My pleasure mate đ
New subscriber here Mario. What about if we donât have a British passport? Iâd like to register as self employed but I have just moved to UK (I run an online business, and used to do it in my country) thanks a lot! đ
Hey Sergio, you wonât be able to register as self employed if youâre not a British citizen but you can open and operate as a limited company. I have a video on this too so feel free to watch it if you need!
Is it possible to register for self employment and taxes without uk passport. I am on tier 2 dependent visa. Is it possible?
Hi Vagabond, for any questions like this related to self employment I would contact the HMRC directly! They will be able to answer any questions related to registering as a sole trader đ
Hi! Great video, thank you :) I have a quick question - I haven't earned ÂŁ1000 yet, as I am just beginning the process of starting a business. However I am looking at buying a website domain name and when I put down that it was for business, it required my company name. I am also looking at setting up a bank account as a sole trader, but I assume that will also require a company name - so my question is this: shouldn't I register as a sole trader before doing these things so that I have a name to put down? Will I be allowed to register as a sole trader if I haven't earned ÂŁ1000 yet?
Hey there, although it is for your business if youâre self employed then the website does not belong to a company it belongs to you and hence you should state it is personal. And yes, you can register as a sole trader at any time.
@@TheHolisticHustle Awesome! Thank you so much âșïž
sir plzz let me know if virtual adress expires due to non payment what will be the fate of uk limited company if it was registered on same adress ???/
Hi Naveed, if your address expires then you should change your address to another one or renew your service as the mail forwarding service will would stop forwarding your letters you will undoubtedly miss important notes regarding your company and this will have adverse effects on your business.
I'm aslo working in the company and get payed by them but I also want to start a side business, still may i apply for UTR number?
Yes đ
I have no uk passport, can i register sole trader company in uk on the basis of national insurance number?
Hi I'm not sure on this, please contact HMRC directly, they're very helpful on the phone!
Hi my daughters partner is trying to register self employment but does not have a passport and his driving licence is uk not northern ireland can you help please
Hi Carol, I would get in touch with HMRC directly for this. I've left their number in the video's description so please have a look! They're really helpful when it comes to things like this đ
Hi, It is necessary to register as a sole trader before you start getting any money from your new business?
Hey Katie, no you don't. In fact, if you earn less than ÂŁ1000/year you don't need to register at all đ
Thanks for this! If I'm only just starting out with my small business, and haven't made enough money yet to pay tax, do I still need to register somehow? Or is that only possible once you've made enough to need a self assessment?
Hey Mbeepy, you only need to register for self assessment once you've made more than ÂŁ1,000 in a given tax year. Once you've hit that milestone then follow this video to register as self employed. Until then, I wish you the very best đ
@The Holistic Hustle: If I have been asked to provide my UTR for a company Iâm doing some self-employed work with soon but I doubt I will even earn ÂŁ1,000 from my self-employed work in the course of this tax year, can I still register as self-employed now?
@@katielouise4081 thatâs the problem Iâve got, what did you do?
@@benowen7 I just registered then and didnât fill in a self-assessment tax return because I didnât need to
how do you get a Tax number for the W-8 form
Hey Christina, please get in touch with HMRC directly for this. Their number is on the videos description.
I marked that I have no UTR number. They asked to confirm my identity but I don't have the information they ask for... My options are: UK passport, Credit reference questions, Northern Ireland driving licenceWhat can I do? I just have credit reference. What can I do?
Hi Marcia, please get in touch with HMRC directly as they'll be able to give you further guidance on this.
Thanks. Very good contents. I have a question if you have registered as self employment and received gateway iD and later opened a limited company. Can I use the same government gate away ID to register business tax account as well. Or do I need to register as a organisation separately ???
Hey Can,
I would register as an organisation to keep things separate! Hope that helps đ
Can we register backdate and claim VAT backdate?
Yes you can, I believe for up to 4 years worth of accounts đ
self assessment is not available on my tax account. I have registered self employed - will this take some time to appear on my account? many thanks
Hey Will, I would get in touch with the available contact at gov.uk to find out đ