I am in employment but provide services to the public

[mckeever]

Hello, I am in full time employment but also make a few pounds on the side providing legimate services, however not enough to quit work. is it possible for me to set up a company whilst in full time employment, and if so is it best to be a sole trader or become ltd

[THAIBUS]

Yes it is possible, I worked as a driver for the local council and then started my own Ice cream van bussiness which I worked on weekends and after work. The first year I made a loss but found out I could claim some of my tax I paid in the council job employment as I had made a loss in the Ice Cream Van bussiness.

[jedimistress]

Yes you can have employment and self employment. Inform the Inland Revenue you are going self employed so they can send you the Tax Return to report your earnings / losses. You will need to record your business income and employment income on the tax form.

I'd start off as a sole trader and if your business grows, seek advice about becoming a Ltd Company. I can not foresee any great benefits in become Ltd with part time earnings.

[cascarelli]

Many companies will expect you to inform them if you intend taking on other work and certainly if youre setting up a business. It should say in your contract.