We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
working from home and tax implications
elf06
Posts: 1,547 Forumite
Hi all, not sure if I have posted this in the right place (please point me to where it should be if i havnet) but I'm looking for advice on working from home.
Currently I work a 16 hour week employed by a rather well known company but I'd like to start making and selling from home. What I am not sure about is what to do about paying tax etc. Its completely new to me so I know nothing!! I pay NI at present but dont earn enough to pay tax trought my employers but prsumably I would need to pay tax on my self employed earnings?? Do I need to provide receipts for purchases for self employed business? This may be tricky as a lot of the stuff was bought on ebay.............
Also wondering how it would affect my tax credits
Really ANY advice would be good as I deff do not want to do it the wrong way and end up facing a fine!!
Currently I work a 16 hour week employed by a rather well known company but I'd like to start making and selling from home. What I am not sure about is what to do about paying tax etc. Its completely new to me so I know nothing!! I pay NI at present but dont earn enough to pay tax trought my employers but prsumably I would need to pay tax on my self employed earnings?? Do I need to provide receipts for purchases for self employed business? This may be tricky as a lot of the stuff was bought on ebay.............
Also wondering how it would affect my tax credits
Really ANY advice would be good as I deff do not want to do it the wrong way and end up facing a fine!!
Emma :dance:
Aug GC - £88.17/£130
NSD - target 18 days, so far 5!!
Aug GC - £88.17/£130
NSD - target 18 days, so far 5!!
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards