HMRC with mystery shopping and ebay business

teendude

Quick thing that has been confusing me.

When I started mystery shopping (and work as a self-employed lifeguard) I registered as self employed with HMRC and now have to do a self assessment every year.

I also have a part time job in a shop which means I'm both employed and self employed. HMRC know this as I have just received tax code for my job and a self assessment reminder.

Now I want to start a part time ebay business just to help 'up my income'. Do I have to take any more steps with HMRC or do I just log profit and expenses with all of my other self employed work?

soolin

teendude wrote: »

Quick thing that has been confusing me.

When I started mystery shopping (and work as a self-employed lifeguard) I registered as self employed with HMRC and now have to do a self assessment every year.

I also have a part time job in a shop which means I'm both employed and self employed. HMRC know this as I have just received tax code for my job and a self assessment reminder.

Now I want to start a part time ebay business just to help 'up my income'. Do I have to take any more steps with HMRC or do I just log profit and expenses with all of my other self employed work?

I have self employed income from more than one source and when you do an online assessment it allows you to have as many headings as you want. So I split the income into sources that are the same- so all my selling is in one heading, all my consultancy is another.

Watch your time though if you haven't done your 2011 return yet as the deadline is end of January 2012. If you haven't registered yet it can take 2 weeks for the password to come through.