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I have a full time job but want to make extra income.

Sophie123456
Sophie123456 Posts: 12 Forumite
Second Anniversary First Post
in Boost your income

Hi there,

Wondering if anyone has any advice.

I have a full time job which I intend to keep, but I would like to start selling some drawings and photography that I do, using the websites such as etsy or redbubble.  If it goes well would I obviously need to let HMRC know?

I would like to find out a little more about whether I would have to go self employed or not?  Obviously I would still be employed full time in my current job.  The thing is that I have been self employed before for a year, this was around 2 years ago.  Obviously just now I am not self employed but I just wondered if anyone else has any little incomes on the side of their jobs?

Any advice that could be given about this would be greatly appreciated.

Comments

  • MalMonroe
    MalMonroe Posts: 5,783 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    This may help : https://www.gov.uk/employment-status/selfemployed-contractor
    Whatever happens you have to tell HMRC. 
    Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.
  • LittleVoice
    LittleVoice Posts: 8,974 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If you were registered as self-employed a couple of years ago I'm surprised that HMRC are not still prompting you to submit an annual return.  Did you get them to stop?
  • Sophie123456
    Sophie123456 Posts: 12 Forumite
    Second Anniversary First Post
    LittleVoice said:
    If you were registered as self-employed a couple of years ago I'm surprised that HMRC are not still prompting you to submit an annual return.  Did you get them to stop?
    Yes I told them I was ceasing self employment. 
  • _mybelle
    _mybelle Posts: 8 Forumite
    First Anniversary First Post
    You can make sales of £1000 before you need to be self employed and declare the profits. 
  • Cloughy
    Cloughy Posts: 30 Forumite
    Third Anniversary 10 Posts
    _mybelle said:
    You can make sales of £1000 before you need to be self employed and declare the profits. 
    Yep, thinking of doing some freelance to the tune of £1000 each year myself.
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