As I'm sure many know, you have to register with the HMRC to be self-employed within 3 months of trading. However, on the form it requires a national insurance number. I am under 16 so do not yet have one. What should I do?
As I'm sure many know, you have to register with the HMRC to be self-employed within 3 months of trading. However, on the form it requires a national insurance number. I am under 16 so do not yet have one. What should I do?
You do have one you just don't have the card yet, phone up and ask for it.
If you are under 16 you dont have to pay national insurance or any tax, so you dont need to register as self employed.
EDIT: If you are still in education you dont pay tax
Last edited by soccer-boy; 07-29-2006 at 09:48 AM.
WRONG WRONG WRONG. I have been paying taxes for years, age has SFA to do with it.Originally Posted by soccer-boy
If under 16 you don't have to pay National Insurance, but you do have to be registered as self employed
Exactly. .Originally Posted by smellymelly
??? you just contradicted yourself there palOriginally Posted by YPAL
Last edited by soccer-boy; 07-29-2006 at 09:51 AM.
Ok read what you said "If you are under 16 you dont have to pay national insurance or any tax, so you dont need to register as self employed", so only one out of your three statements wa correct. Great going!
Im afraid both of you are wrong, you must be in school up until the age of 16, therefore cannot be self employed.
Now now don't go editing your post after I reply to them, ok I know you are trying to dig youself out of a whole but now your sounding stupid.
Are you saying no on can work until their 16? So no one can have a paper round etc? Of course they can so they can of course be self employed they may own the paper round!
You are wrong YPAL, but I cant really be bothered continuing the arguement with you.
You only pay tax if you earn so much money PA. Owning your own paper round is not going to make you enough money to be eligible to pay tax.
If you do happen to own your own paper round you dont need to register as self employed if you are under 16, you do however need a work permit from your school.
the Reason For Registering As Self Employed Is Because You Have A Different System Of Paying National Insurance If You Work For Yourself. If You Are Under 16 You Dont Pay It, So There Is No Point!
So now your saying that under 16 can pay tax but its unlikely that they would earn enough, thats very different from what you are saying before.
Let me offer a word of advice, if you don't know what your saying is correct don't offer it as advice!
Contributions a self-employed person might have to pay
There are two main classes of National Insurance contributions a self-employed person may have to pay, Class 2 and Class 4.
Class 2 NICs
All self-employed people have to pay Class 2 NICs, unless you:
* have a small earnings " Certificate of Exception" obtained from HM Revenue & Customs
* are under 16 years of age
* are over state pension age (60 for women, 65 for men)
* are unable to work in certain circumstances, whether or not you're receiving benefit
Class 2 NICs are payable at a flat weekly rate and you can pay them monthly or quarterly by direct debit.
Unless you qualify for exception, you must also pay Class 2 NICs if you are self-employed in your spare time, even if you are also paying National Insurance as an employee. However, if your Class 1 payments exceed a certain level, you may be able to defer payment of your Class 2 NICs. For more information contact your local tax office.
Class 4 NICs
Class 4 NICs are the National Insurance you pay on annual profits above a certain level. They are calculated as part of your annual self-assessment tax return.
You are excepted from Class 4 NICs if you are:
* under 16 at the beginning of the tax year (but you will have to apply for exception)
* over state pension age at the beginning of the tax year
* not resident in the United Kingdom for income tax purposes during the tax year
Hope this ends your little battle![]()
Yes it does, thanks Scott.
The only reason you must register as self-employed is for national insurance. -AS I SAID.
Class 2 NICs - doesnt need to be payed if you are under 16.
Class 4 NICs - you are excepted if you are under 16 at the beginning of the tax year.
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