Self employed / sole trader
Discussion
Hi folks.
My brother has a full time job where he PAYEs. He's just started working for a friend doing occasional freelance work.
His friend has advised that he registers a being a sole trader which he has done, and now is getting lots of demands for NI etc.
As far as I am concerned he should just ring the revenue and explain the situation, and on his tax return fill in the employed / self employed sections. Maybe he would have to setup a DD for his NICs?
Advice?
In any case, what is the difference between filling in employed/SE forms on the tax return and registering as a sole trader?
My brother has a full time job where he PAYEs. He's just started working for a friend doing occasional freelance work.
His friend has advised that he registers a being a sole trader which he has done, and now is getting lots of demands for NI etc.
As far as I am concerned he should just ring the revenue and explain the situation, and on his tax return fill in the employed / self employed sections. Maybe he would have to setup a DD for his NICs?
Advice?
In any case, what is the difference between filling in employed/SE forms on the tax return and registering as a sole trader?
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