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info pool
self-employment
There's only two certainties in life - death and tax! So visit the inland revenue website for information, specifically the self-assessment section and key dates
inland revenue authorised mileage rates
From 6 April 2002, the Approved Mileage Rates are:
| approved mileage rate | ||
| first 10,000 miles | 10,001 miles & more | |
| cars and vans | 40p | 25p |
| motorcycles | 24p | 24p |
| bicycles (!) | 20p | 20p |
Refer to the official page
class 2 (self-employed)
national insurance contributions
Payments are made monthly in arrears and are collected by direct debit. See the Inland Revenue FAQ page for more information.
The weekly rate for self-employed contributors is £2.00 (see National Insurance Contributions)
debts
Lots of useful info and downloads from the Better Payment Practice Group, including an automatic interest calculator, debt collection letters and a booklet about late payments.
Might be worthwhile getting a credit check before commencing business - see CheckSure
updated:
26 may 03