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I am full time employed and going to work as a self employed(Sole trader) job during weekend. In total, I will earn more than £85,000 annually( £60000 from full time job annually and probably more than £25000 from self employed(sole trader) job annually)
Do I need to VAT register?
In addition, I have a company car for my full time job and I am thinking to purchase a £30,000 electric car for my self employ job. So obviously, If I only earn £25, 000 from my self employ(Sole trader) job, I will loss £5,000. If I carry the £5,000loss to next finical year, does it affect my full time job income tax also?
Thank you for your time