Starting your Illustration Business
Starting your Illustration Business- Registering as Self-Employed Becoming a 'Freelance illustrator' means starting your own business. This means that you have to register and fill an annual self-employment tax return form available at the government's website. First thing first - let the government know you have a business. Then each year pay the income tax. If you don't pay the tax it can be considered as tax evasion. This could lead to a jail sentence. Good news is that you can be employed (part-time job) and self-employed at the same time. The employer wage pays your tax and NI (national insurance-state pension) contributions automatically. When you become self-employed you have to do it yourself. You should register within 3 months of your first commission. The forms are available at the HMRC website - clearly and fully fill in the information and details. Income tax - is payable after you start earning 11,000 pounds in earnings. NIC - National in