8th August 2010, 06:48 PM
My advice is ignore any advice given by anybody who is not self employed. VAT is easy and worth registering for even if you are below the threshold.
It is unlcear if this is a one off and you will go back into a job or if this is the start of self employment. Tax and VAT can be sorted out later - concentrate on getting the job done well but look at the Revenue websites.
PI is a good idea but this will cost you ?700 so it will be a big lump out of your first contract. As for claiming expenses it is all depends on the quote. You cannot charge a fixed price and then claim expenses. If you are on a day rate this will be regarded as including expenses unless you have detailed that the expenses are not in the day rate and given an estimate. If you are on a time and materials basis then you can claim reasonable expenses but overall your fee must be fair and reasonable.
Peter
It is unlcear if this is a one off and you will go back into a job or if this is the start of self employment. Tax and VAT can be sorted out later - concentrate on getting the job done well but look at the Revenue websites.
PI is a good idea but this will cost you ?700 so it will be a big lump out of your first contract. As for claiming expenses it is all depends on the quote. You cannot charge a fixed price and then claim expenses. If you are on a day rate this will be regarded as including expenses unless you have detailed that the expenses are not in the day rate and given an estimate. If you are on a time and materials basis then you can claim reasonable expenses but overall your fee must be fair and reasonable.
Peter