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.