Self-Employed Business Registration

Decided to set up shop as self-employed? Great, but before you really get stuck into the nitty-gritty of running your business, there’s one thing you need to do first: register as self-employed.

It’s very important to register as self-employed after you start running your own business. This is so HMRC knows how much you’re earning and can therefore, charge you the appropriate amount of tax.

When do I need to register as self-employed?

According to gov.uk, you must register for Self-Assessment and Class 2 National Insurance by 5 October in your business’s second tax year. For example, if you started your company on 21 September 2023, you must register by 5 October 2024. If you don’t, you could be fined, so it’s best to sort out your registration as quickly as possible.