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/

theoretically I think the answer is yes you need to tell them, if it is a business. But if its for 'pin money' then I think no.

why not ring them and ask. Take down the name of the person you speak to so if there is any 'conflict' you can tell them who told you what.

I hope you enjoy being on this site. I;ve been a member for over a year now. I love it and gained so much inspiration.

Hi Gabriel,

Welcome to the forum.

Hope you managed to find the answer to your question, and hope your sales go really well.

Carol B

Hi Gabriel,

Welcome to the Forum - we're a friendly bunch.

I'm not sure about exact figures but when I was making some things at home - for sale - and doing some soft furnishings sewing too - a good friend who was a senior tax inspector(!!) told me that, as Margaret S said, by the time I had claimed everything I was allowed to, I would probably show a LOSS on paper!!! Look into all of it - travelling expenses to buy supplies, petrol and running costs for your car, part running expenses for the house (heating, electricity etc), deterioration of your machine and all your sewing equipment, the need to have a second one as back up etc etc etc - that is only a very small beginning. I really don't think you have anything at all to worry about - just make sure you have every receipt under the sun - don't screw up anything and throw it in the bin. Eileen's advice about ringing the tax office and noting down who you speak to is probably very good.

Lots of luck and make sure oyu have fun too!

Margaret/Winnie xx