Being both full-time employed and self-employed is actually quite common, so the short answer is yes.
Let’s look at some situations.
For example: Rebecca works as a full-time developer for TaxScouts but she also writes software for her own clients via PeoplePerHour — she needs to register as self-employed and pay tax on this income.
|Income tax for salary||Your employer|
|Income tax for self-employment profits (minus claimable expenses)||You|
|Class 1 National Insurance contributions||Your employer|
|Class 2 and 4 National Insurance contributions||You|
An umbrella company is a business that acts as an employer to freelancers:
What you need to do:
What you need to do:
In this case you’re actually both an owner (“shareholder”) and employee of your own company (“director”), but not self-employed.
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Your certified accountant will go over your details & prepare your tax return for you to review. It will be filed on your behalf once you approve it.
We have a simple online service that guides you through the entire process. Regardless of your reasons for doing your tax return we'll help you get it done right.
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UK company directors are required to file their self assessment annually. TaxScouts handles this through a simple online process.
Long Lets, Airbnb, Capital Gains. TaxScouts will sort out your self assessment and take away the worry of tracking all the recent tax changes.
TaxScouts ensures the self employed don't overpay on their taxes. We'll help you benefit from all the tax breaks and deductions that can be applied to your return.
At TaxScouts we appreciate that tax returns are highly individual. Before you get assigned an accountant we make sure to understand your circumstances and help you build your optimal tax profile.