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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I have two small part time jobs which I pay income tax on. I

Customer Question

I have two small part time jobs which I pay income tax on.
I now want to sell craft items I make income but do not know if I have to pay tax on this or how to do it.I only expect to get about £1,500/2,000 from this.
Can you give advise on this please
Submitted: 1 year ago.
Category: Tax
Expert:  taxadvisor.uk replied 1 year ago.
and welcome to the site. Thank you question.

Any income you get from selling craft items would be chargeable to income tax.
As you are already a taxpayer, this income would be added to your earnings from part-time jobs to calculate your total tax payable.

You will have to register assessment as self employed if you wish to make it ongoing and then file a tax return every year.

More information on self assessment can be found here

https://www.gov.uk/personal-tax/self-assessment


I hope this is helpful and answers your question.

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