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Small crafty business - register as self employed or for a tax return?
A_Star
Posts: 361 Forumite
My husband, quite by accident really has turned a little hobby into a small money maker. Initially he was just selling a few items here and there to friends of friends but it's suddenly accelerated, I guess with Christmas on its way.
He has a full time job and does this in his spare time. Does he need to register as self employed or can he put it through a self assessment tax return?
Thanks in advance and hopefully I've posted in the right area of the forum!
He has a full time job and does this in his spare time. Does he need to register as self employed or can he put it through a self assessment tax return?
Thanks in advance and hopefully I've posted in the right area of the forum!
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Comments
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My husband, quite by accident really has turned a little hobby into a small money maker. Initially he was just selling a few items here and there to friends of friends but it's suddenly accelerated, I guess with Christmas on its way.
He has a full time job and does this in his spare time. Does he need to register as self employed or can he put it through a self assessment tax return?
Thanks in advance and hopefully I've posted in the right area of the forum!
Is he already submitting self-assessment returns?
How much does he expect to earn from his hobby business in this tax year?0 -
No he isn't currently submitting self assessments. I think probably around £2k max.0
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No he isn't currently submitting self assessments. I think probably around £2k max.
Yes he needs to register as self employed and yes he needs to declare this on the self assessment form.I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0
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