Money Advice are right - there is something called Trading Allowance: https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income
Its separate from your PT job
We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Extra Income HMRC
Options

lolacherry
Posts: 38 Forumite


hi hi there,
wonder if someone could clear up a query I have.
i have a PT job (9500p/a)
however, I have several pieces of artwork I am being asked to sell - max, I will bring In £500ish at the moment.
i contacted Money Advice just to check what I need to do and they have told me as long as it doesn’t go over £1000, I don’t need to register as self employed and fill out a self assessment.
is this correct? Unsure if this also counts my PT job in this or is the £1000 is just for selling my extras items.
wonder if someone could clear up a query I have.
i have a PT job (9500p/a)
however, I have several pieces of artwork I am being asked to sell - max, I will bring In £500ish at the moment.
i contacted Money Advice just to check what I need to do and they have told me as long as it doesn’t go over £1000, I don’t need to register as self employed and fill out a self assessment.
is this correct? Unsure if this also counts my PT job in this or is the £1000 is just for selling my extras items.
I’m humming and hawing as to whether sell the few items I have and that’s it or to just go SE on the off chance I decide to make more.
I’m hesitating going SE on the side as I am not familiar with tax returns so it is holding me back perusing this further
0
Comments
-
1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards