HMRC has issued advice the procedures involved in becoming a self-employed.
If you're self-employed, you have to fill in a Self Assessment tax return every year. Each April or May HM Revenue & Customs (HMRC) will send you a letter telling you to complete a tax return or a paper tax return.
You'll be asked for information about profits from your business and other income that you have to pay tax on - such as rental income. This is used to work out how much tax and National Insurance contributions you have to pay. You must provide the correct information and get it to HMRC on time.
You must keep records so that you can fill in your tax return fully and accurately. The more detailed records you keep, the easier it will be to answer any questions that HMRC may have.
You may decide to use an accountant, but Self Assessment is designed to be as straightforward as possible so that you can do it yourself.
More details here: http://www.hmrc.gov.uk/sa/self-emp.htm
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