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Second Self Employed Income already Self Employed

matt_matt_matthew
Posts: 25 Forumite

I've been self employed for the past 6-7 years and for the 23/24 tax year I started doing survey/research tasks as a side hustle along with my main self employed job. I know if I wasn't already self employed I would have to register and declare what I make, but seeing as I am already self employed I'm unsure where to enter the earnings I have made from this. These research tasks are completely unrelated to my main self employed job so unsure if I can just lump it in under the earnings made from it, or if there's a specific place to enter it. I can't imagine I have to create a new business just for this.
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If you are self-employed then all work that you do and are paid for goes under the same heading. Lots of people I know are self-employed and do two or three jobs. HMRC doesn't care WHAT you do as long as you pay your tax1
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FlorayG said:If you are self-employed then all work that you do and are paid for goes under the same heading. Lots of people I know are self-employed and do two or three jobs. HMRC doesn't care WHAT you do as long as you pay your tax
That's wrong I'm afraid.
Unrelated profits from different activities need to be declared separately.
The self assessment return can facilitate this:
https://www.gov.uk/government/publications/more-than-one-business-hs220-self-assessment-helpsheet/hs220-more-than-one-trade-profession-vocation-2024
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Hello. We are the Low Incomes Tax Reform Group (LITRG), part of the Chartered Institute of Taxation who are an educational charity. We are not part of HMRC or MSE. Although we can’t give individual advice, you might find our free website guidance on running more than one self-employment (multiple trades) helpful: https://www.litrg.org.uk/working/self-employment/calculating-self-employed-profits/calculating-self-employed-profits-multiple-trades . If you require further help, we recommend that you contact a tax adviser, HMRC or one of the tax charities where relevant. You can find more information about where to get help with tax here: https://www.litrg.org.uk/tax-nic/getting-help-tax. Thanks.“Official Company Representative
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