What do I do now

whatdoido_2

Hi,

I read on on a website (not MSE) which mentioned mystery shopping few months back (6 to be precise) and did few mystery shops. Till date I have not informed HMRC about this. I am not registered as Self Employed. How do I go about doing this and as it is more than 3 months are they going to fine me for this? I know it was very dumb of me. But instead of judging me, can someone answer this please

Not sure if this is relevant but I am on basic rate tax and work full time

Thankyou very much

Pound

I wouldn't worry too much about it, just register ASAP and write a brief explanation in the box that you didn't realise. I registered late and didn't get a fine. I personally don't think HMRC would issue a fine for people earning small amounts of money.

I'm almost sure I've read that the £100 fine doesn't apply unless you earn above a certain amount.

Edit: Here it is: http://www.hmrc.gov.uk/bulletins/tb53-amendment.pdf

The £100 penalty doesn't apply if you earned less than £3955 pro rata. This is because the fine applies to people who should have paid Class 2 National Insurance and you don't have to pay this if you earn below the above amount.

Becles

You need to ring the self employed helpline. The number will be on https://www.hmrc.gov.uk

They will decide if they will fine you or not. If you speak to someone they will explain what will happen.

whatdoido_2

Pound wrote: »

I wouldn't worry too much about it, just register ASAP and write a brief explanation in the box that you didn't realise. I registered late and didn't get a fine. I personally don't think HMRC would issue a fine for people earning small amounts of money.

I'm almost sure I've read that the £100 fine doesn't apply unless you earn above a certain amount.

The £100 penalty doesn't apply if you earned less than £3955 pro rata. This is because the fine applies to people who should have paid Class 2 National Insurance and you don't have to pay this if you earn below the above amount.

Pound,

Thanks for replying

How will they know that I have earned less than £3955. or do you have to pay the penalty along with your tax return if they do decide to penalize me.

or will they check from the CF10 form (I won't be paying any class 2 NI)

Thanks

Pound

It's probably best to ask HMRC that question.

You could write your expected earnings in the additional information box and HMRC may decide not to issue a penalty. According to the URL I posted if you do get a penalty the bill will include information on how to dispute it.

whatdoido_2

Thankyou very much Pound :A

Its a burden off my shoulders