HM Revenue & Customs - Tax

HM Revenue & Customs - Tax

Suggestions on How to Become Established as a Freelance Translator

HM Revenue & Customs

Below is advice regarding  HM Revenue & Customs, this is only my advice and is not intended as financial advice, I would advice you to seek the opinion of a qualified accountant if you require financial advice, regarding HM Revenue & Customs.

If you start your own business in the UK, you must register with HM Revenue & Customs (formerly Inland Revenue and HM Customs and Excise Departments). The website is easy to navigate and very informative (address below).

Look at HM Revenue & Customs as a friend rather than an enemy. I have always found them very helpful. The most important thing is to keep records of all income and expenditure from Day 1.

HM Revenue & Customs - Tax

Currently, in 2015, the VAT threshold for being required to charge Value Added Tax to your customers is £81,000 in England. Below that threshold you may register but you are not obliged to. However, there are other conditions from HM Revenue & Customs under which your registration is obligatory - a lot of which do not tend to apply to freelance translators. Detailed information is available at HM Revenue & Customs.