Here is a list of all the postings Gabriel Whitehouse 1 has made in our forums. Click on a thread name to jump to the thread.
|Thread: Hello + newbie question! :)|
Hello everyone I've been making various things with many fabrics for a long time but decided I wanted to join a group to help me advance my skills - so here I am!
My question - I've started selling things I make online and it's starting to take off (most of it is on local buy/sell sites). I was wondering if the profits I make from doing this counts as taxable income? I was figuring out my finances a while ago and while I don't sell to make profits as anything extra goes straight into nicer fabrics, new equipment etc. I was looking at this salary calculator and noticed with all the money I make from selling bits and bobs I go over the personal allowance into taxable income amounts (as I am only just under the personal allowance amount anyway). Should I be worrying?
The site I used: https://www.income-tax.co.uk/
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