Do you have to let HMRC know if you're earning money from a different type of work?

[Dave D]

So if for example you are a self employed carpenter. But you start working as a self employed carer or cleaner do you let them know?

 

[fillyboy]

I would say no, money's money. Just declare income in the usual way.

 

[Dave D]

I would say no, money's money. Just declare income in the usual way.

That's sort of what I'm thinking. I'd be working for a family member though so it might look a bit iffy,,?

 

[Mottie]

That's sort of what I'm thinking. I'd be working for a family member though so it might look a bit iffy,,?

 

[gas112]

That's sort of what I'm thinking. I'd be working for a family member though so it might look a bit iffy,,?

pretty certain it wont ask who your working for it will just ask what the additional income is from

 

[Dave D]

View attachment 360171

I know what you mean but it might add up over time.

 

[Mottie]

I know what you mean but it might add up over time.

I’m not sure but look up 'side hustle'.

 

[Dave D]

I’m not sure but look up 'side hustle'.

Cheers. Couldn't find much. I don't mind declaring it though. I'm only part time these days anyway.

 

[carmanmemoranda]

So if for example you are a self employed carpenter. But you start working as a self employed carer or cleaner do you let them know?

Presumably you are going to keep some sort of accounts? Is it in addition to, or instead of carpentry work?

Make sure you account for all your expenses, materials, travel costs etc. And are you raising an invoice for each payment? If anybody gets interested, that's the bit that might trip you up, money going into your account and nothing to account for it.

 

[Murdochcat]

If you don’t have a mortgage and hope to get one then declaring all your income is in your best interest

 

[carmanmemoranda]

I’m not sure but look up 'side hustle'.

Side-hustles, tax and HMRC: here’s what you need to know

A detailed look into HMRC's new tax directives affect side hustles and freelancers and everything you need to do in response.

nordens.co.uk

 

[Dave D]

Thanks people. Think I'll phone HMRC and see what they say?

 

[Dave D]

So a little update. I went on twitter spoke to HMRC. They want me to update my details. So now I suppose I'm a multi trade. Builder/carer.

 

[fillyboy]

So a little update. I went on twitter spoke to HMRC. They want me to update my details. So now I suppose I'm a multi trade. Builder/carer.

That should cover it.

 

[Dave D]

That should cover it.

Funnily enough I just checked back and he's added that if I've already included the money from both "that would be right".