In this article

    Taxation of freelancers

    Classification

    Freelancer = independent practitioner. Must be registered for income tax, VAT and national insurance.

    Key Points

    • Withholding tax from customers (20%-50%)
    • Monthly income tax advances
    • Mandatory annual report
    • Book management

    Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.