Self employment registration is to notify HMRC that you are self employed and to pay tax through Self Assessment. This entails you have to supply such personal details and facts relating to your enterprise actions. After you complete it you will be given a UTR which you will have to hand in each year to HMRC as part of your yearly tax return. Registration also means you will also pay Class 2, and even Class 4, National Insurance. By going through this process you are made compliant with UK tax law and entitled to State Pension based on your contributions.
Self employment registration is to notify HMRC that you are self employed and to pay tax through Self Assessment. This entails you have to supply such personal details and facts relating to your enterprise actions. After you complete it you will be given a UTR which you will have to hand in each year to HMRC as part of your yearly tax return. Registration also means you will also pay Class 2, and even Class 4, National Insurance. By going through this process you are made compliant with UK tax law and entitled to State Pension based on your contributions.
