Part timers - Contractor UK Bulletin Board

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Guest replied

13 April 2005, 21:24
Who needs the stress?

Just declare it on your tax return if you ain't earning much.
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Guest started a topic Part timers

13 April 2005, 16:35
Part timers

I'm currently 'sub-contracted' by a consultancy agency to provide software support/development/helpline on an ad-hoc basis. No set hours, no formal contract,work from home etc. After a few months work I send an informal invoice and a cheque comes back. Annual income from this is - Mr Brown owes me at the moment so I'm guilt free.

I'm considering doing things the proper way. ie. form a Ltd, VAT register and get a contract written up.

Pro's

- I get a company name etc and can use it for VAT purposes for kitting myself out with new computer and stuff?
- If I want to expand and take on other work I'll look semi professional

Con's

- It costs money and the income from the work isn't huge - especially as I'd lose the cash-in hand element to the work
- More paperwork than actual work it seems.

Anyone else do contracting on a part-time basis - how do you go about things? Do you also keep your head down and just deposit cheques in the bank? Any suggestions?
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