Becoming a MIP

oli

Hi there Oli again,

Just wondering when you become AAT qualified can you do people's accounts for them for free or charge them while doing a full time job? Do you require a license, liability insurance etc? And do you have to become self employed even though you are still employed?

Any info would be much appreciated

kind regards

Gem7321

http://www.aat.org.uk/servlet/file/Application_for_exemption_for_members_in_practice.pdf?ITEM_ENT_ID=2758&COLLSPEC_ENT_ID=187

Here you go.

As you're not earning anything it would be classed as a hobby and therefore you don't need to register as self-employed. I think you still need PII but normally they base your level of cover on your turnover.