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.
There's 2 aspects here -
1) When to declare the extra income to the IR 2) When to declare a businessThe 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
Daytona
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