Freelance Overseas Limited

If you are already registered as self-employed your existing self-employment status will not change if you move to Freelance Overseas Limited. 

If you are planning to work as self-employed and use the services of Freelance Overseas Limited for the first time, the process is simple:  We will insert a limited company into the contractual relationship between the 'Agency/Client' (who you provide service through) and the 'Individual' sub-contractor (you). To achieve this Freelance Overseas Limited fulfils the role of invoicing provider and makes it possible for you to establish yourself as a self-employed individual.  We will look after all contract payment and invoicing services on your behalf.

If you are working in the UK, you will have a period of up to 3 months in which to register with the UK Inland Revenue office once you commence being self-employed.  Registration is simply done by calling their "Helpline for the Newly Self-Employed" on 08459 15 45 15 asking for a free copy of the Starting up in Business Guide. The guide is comprehensive, containing all the information you need together with the forms required. Alternatively, you can access and view the guide on the Inland Revenue's website HERE  or you can just complete the HM Revenue & Customs form for you to register as self-employed HERE

As a registered self-employed individual you will start paying Class 2 self-employed flat rate National Insurance contributions. In the April following your registration and each subsequent April, you will be sent a Self Assessment tax return to complete by Inland Revenue.

Being self-employed you will be taxed not on income (as with payroll) but on profit, which will be assessed as income less business-related expenses. You will need to enter any relevant personal information together with full details of your income and any business-related expenses for the period of the tax return.

As a registered self-employed individual, you will have the opportunity to claim business related-expenses. The Inland Revenue's website contains full details of what expenditure is and is not allowable as business-related expenses.