Universal credit self employed 29 September 2022 at 1:21PM in Benefits & tax credits 2 replies 188 views

Askim21

Hi 

I’m wondering if anyone can help regarding being self employed and reporting earnings to Universal Credit

Can anyone clarify if, for the income it’s the money that goes into your account (from Etsy/Ebay) or the gross sales figure before Etsy remove the fees/shipping etc) 
I.e do you write the gross sales figures then add the fees/shipping as expenses. Or is it the amount they actually pay into your bank then any expenses outside of Etsy (like packaging etc) 

I’ve read UC is calculated on a cash in cash out basis but still unsure. 

Thanks in advance 

Alice_Holt

For simplicity I would tend to use the net figures.
As these are the numbers shown on your business bank account. 

calcotti

Income and expenditure must be reported on a cash basis. Guidance for the self employed here
https://www.gov.uk/government/publications/universal-credit-and-self-employment-quick-guide