So what's the correct procedure to follow regarding tax compliance if you work for a company (paying PAYE) and also do some freelance work on the side?
Is it best to register your freelance work as a business and apply for turnover tax or calculate the tax yourself when submitting the return disclosing it as additional income in your annual return?
Is it best to register your freelance work as a business and apply for turnover tax or calculate the tax yourself when submitting the return disclosing it as additional income in your annual return?