Body shop at home

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 

Comments

  • soolin
    soolin Forumite, Ambassador Posts: 71,504
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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. 

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