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Selling things online whilst claiming?
Comments
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Yes you can do it as a hobby to start with.It's something that would take time building a name for myself and getting customers. I could do it and I think I would be good with advertising. But can I start this without anything changing? Its so confusing. I have my monthly interview there tomorrow so hopefully they'll be able to give me some good information, although the last time I spoke to them about it they didn't even seem to know much about it themselves!
The HMRC does recognize some hobbies turn into businesses at a later date so if it works out and it appears you're making more money than you can reinvest in your hobby then report that to HMRC and DWP.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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This activity could still be regarded as a hobby though and won't affect anything.<snip>
If you're telling me otherwise then the amount of things I've sold on as a hobby and now have to pay back benefits, tax and whatever else...that would send me broke.
From a DWP perspective, it's quite clear.
'De minimus' amounts are ignored.
Simply as it's income from a hobby, it is not exempt.
The exempt amount being set so low - 5 pounds/week on income support for example - gives a strong indication that it's really unlikely to be considered as exempt.
The fact you've gotten away with it does not make it legal, or good to advise others to do.0
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