Got a regular job plus the possibility of freelance bike work. What do i do re payment/tax etc?

Speak to an accountant.

that costs!!

Life’s a bitch.

Register self employed, keep receipts and records, complete the self assessment when it comes through and pay your tax. Job Done.
http://www.hmrc.gov.uk/selfemployed/register-selfemp.htm

cheers matt

Depending on how much freelance income you get and what expenditure you have to lay out, or appropriate expenses incurred, it might be worth contacting an accountant to do your self-assessment tax form. There’s lots of things you can claim against tax – for example you may be able to offset the cost of a bike, computer and phone etc. against tax.

Accountant! We LOVE ours….. But get one recommended. My husband used to use a accountancy firm ( he is a self employed driving instructor ) which charged him about £500 per year and they were rubbish. He now has an independent one thet costs about £250 per year and is great. He does the accounts, tax return and tax credit form.

I was self employed one year as well and he put through my tax return for £50 as it was no much, well worth it.

Simone