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Body shop at home

pebblesangel
Posts: 1 Newbie
Hi, a friend of mine is trying to recruit me to body shop at home, but I have a few concerns. I tried googling but it’s just confusing me. If I was to do it would it then make me self employed and need to hit a minimum income floor on universal credit? And would I need to declare to HMRC I doubt it would make much. But I’ve been told that if I make under £1000 per week I don’t need to declare to anyone. It’s all very confusing that amount seems extremely high and I don’t want to get into trouble doing it so if I was going to I would want to do it legitimately and know what I’m doing taxes/universal credit wise.
Thanks
0
Comments
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The trading allowance is £1000 in takings (so before any expenses or dedications) a year so just shy of £20 a week. That’s for HMRC reporting purposes and DWP May have different declaration rules.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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