Total newbie - when does the Inland Revenue get involved?


D

Dot net work

Say if I build someone a basic website, and ask them £50 for it. Then
I make another one for someone else, then another one, etc, etc.

At what point do I have to say "OK, I must be "earning" some money
here, and I must therefore? set up a "company", and I must also tell
the Inland Revenue that I am earning money that they need to take tax
from.

Thanks a lot, regards, dnw.
 
Ad

Advertisements

D

Daytona

There's 2 aspects here -

1) When to declare the extra income to the IR
2) When to declare a business

The personal self assessment forms always ask you to declare any
income not already covered in the investment/benefits/employment &
property sections. So you will have to declare it at that point.

I don't know the official answer to 2, try uk.business.accountancy or
call BusinessLink <URL:http://www.businesslink.org>

Daytona
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top