Gone freelance? This is what you need to know about tax

If you've joined the world of freelance work one of the things you’ll need to get to grips with is what it means for you in terms of tax.

In her book Freelance Like a Boss: How to Escape the 9-5 and Take Control of Your Life, writer Shea Karssing shares the lessons she learnt when she left full-time employment and joined the gig economy.

This extract from her book explains some aspects of tax that freelancers need to understand - deductible expenses, turnover tax and VAT: