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  1. #1
    taytotayto is offline Member So much more than a moderate crafter
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    Default Tax when it's a hobby

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    I sew as a hobby and make things for friends and family. I work part time for the NHS. I was asked last year if I'd make some Christmas stockings by some colleagues at work. As it happens I didn't have the time but could do it this year.
    I know I have to pay tax on all earnings but have no idea where to start.....I will be using fabric etc that I already have and basically asking for enough to cover the cost of the fabric. I don't anticipate making any more than 60-100 in a year. Is here someway of adding what I earn on the side to my work tax. I hope I'm making sense.

  2. #2
    3dDave's Avatar
    3dDave is online now Super Moderator Super mega big crafter
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    Its not linked to your main income by your employer so I would say it has to be reported separately.

    Dave

  3. #3
    greannancrafts's Avatar
    greannancrafts is offline Senior Member Try and catch up with this one.. What a crafter!!!
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    You pay tax on any profits you make, which will be highly unlikely during the first couple of years - any losses can be offset against your tax liability from your employment.

    Phone your local tax office, they are really helpful

    Good luck

    Jane
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