newly self employed



Hi all
my partner will hopefully be self employed in a few months but we are
not sure how income is assessed as he won't have a years accounts for
them. Will they do an interim assessment and if so what would this be
based on? Obviously his earnings during the first few months would not
be a real indication for them to base an assessment on but we just
want to avoid any more nasty shocks later on down the line.
He has a DEO at the moment and what happens to this once he leaves
paid employment?
Also does he inform them when he gives his notice in? He will get his
months wages and maybe holiday pay he's owed so will they drag out
reassessing him till that's gone?
Just out of interest if he took a couple of weeks out between
employment and self employment how long would it take them to discover
for themselves he'd gone self employed?
Sorry for all the questions but we've had so much grief in the past
from them it makes you wary of change in case it all starts up again.
Thanks
.



Relevant Pages

  • Re: Calling all fathers
    ... Martin Davies wrote: ... failed to complete as assessment I requested in June 1997. ... Self employment doesn't stop the CSA assessing. ...
    (uk.gov.agency.csa)
  • Re: Calling all fathers
    ... failed to complete as assessment I requested in June 1997. ... Or is it just that so far he's not actually been told he must pay? ... Self employment doesn't stop the CSA assessing. ...
    (uk.gov.agency.csa)
  • Re: Mikeys salute to cornet and trumpet player Bobby Hackett
    ... and I must pay a self employment tax, this is factored into a formula ... Since any future income ... that I MUST take the proper deductions, ... to show my YTD earnings as well as my YTD business expenses. ...
    (rec.music.makers.trumpet)
  • Re: Can I maintain self employed status in this circumstance?
    ... a self employed income for the y/e March 2009 tax period. ... costs could be as much as the income being received or even higher. ... If you have income from self employment then you are self employed. ... Having sold the business, the costs you set against your profits must ...
    (uk.finance)
  • Re: Can I maintain self employed status in this circumstance?
    ... a self employed income for the y/e March 2009 tax period. ... My only income from that self employment would be intermittent payments to ... If you have income from self employment then you are self employed. ... Having sold the business, the costs you set against your profits must ...
    (uk.finance)