I have recently started earning all my income from investing in shares. Someone mentioned that it would be best to declare myself as self employed to the HMRC using an accountant. Has anyone else done this? Also if not, how do you improve your credit rating etc.?
Thanks all,
Hi metier9,
I'm pretty certain it's not a good idea to attempt this, as the costs (IIRC)are high and the benefits questionable.
Suggest you go to advfn (not often I expect to hear myself say this !) and the TAX board, where the excellent Miata will know chapter and verse.
I can also recommend the CGT board on the same site, curated by the equally excellent Gengulphus, for CGT-related matters.
Good luck !
