basic question re invoice

[loltolhurst]

sorry for a probably dumb question but can I as an individual invoice a company for some work I have done or do I have to set up a company? its about £400. thanks

[mybrainhurts]

Raise an invoice in your own name, no problems.

edited 'cos I can't spell name

Edited by mybrainhurts on Thursday 14th May 16:50

[jon-]

I believe technically as soon as you start invoicing you should let HMRC know.

Is it a one off?

[Eric Mc]

That is correct.

You should return this income, less any related costs, onn a Self Assessment tax return so that you can pay over the income tax arising.

[loltolhurst]

cool maybe a one off - if it looks like more then will look into own company but do not want to go through the hassle just for one payment at the moment.

thanks

[mybrainhurts]

You don't have to form a company, you can trade as a sole trader.

You wouldn't have limited liability, but you would avoid all the ongoing official faffing associated with incorportation.

[jon-]

mybrainhurts said:

You don't have to form a company, you can trade as a sole trader.

You wouldn't have limited liability, but you would avoid all the ongoing official faffing associated with incorportation.

But still have the faff of a tax return