Tax etc.

[DAZLIN01]

Legally, you still need to submit a tax return, even if you're earning hardly anything, so not just a good idea, but a legal requirement.

... And to keep your records for up to seven years before 'filing' them.

[Corabar Entertainment]

... And to keep your records for up to seven years before 'filing' them.

I'd suggest 'filing' them before that.... or it all gets horribly messy if you want to find anything

[Tom]

... And to keep your records for up to seven years before 'filing' them.

i was going to add that dont everybody keep records of every disco or even they have done??? i have just to be on the safe side

[Solitaire Events Ltd]

i was going to add that dont everybody keep records of every disco or even they have done??? i have just to be on the safe side

As has been pointed out - you need to keep records for 7 years.

[DMX Will]

Not forgetting your expenses of course.

I did say profit as apposed to turnover. So the expenses have already been taken from that amount.

[Tom]

is there some kind of ebook or a book where i could read about this before i ever think about going self-employed??? as i dont know anything about this area

[Danno13]

Lots of guides here - http://www.hmrc.gov.uk/selfemployed/

[Tom]

thanks dan???

[DMX Will]

is there some kind of ebook or a book where i could read about this before i ever think about going self-employed??? as i dont know anything about this area

Your self employed the moment you take money for a booking.

[Tom]

really

so basically im breaking the law then as i have a full time job???