When should I register as self employed?

Registering as self employed is one of the most important tasks that must be completed by the newly self employed and small business owners.

You must register as self employed within three months of the date on which you first became self employed.

If you fail to do so you risk a £100 fine from HM Revenue and Customs.

The easiest way to register as self employed is by phone. You can do this by calling 0845 915 4515. You will need your National Insurance number and the exact date on which you became self employed.