Photography as a side-line - what do you do about tax?

[bramley]

I work full time in marketing, and am trying to get some photography work in my spare time. Can someone explain to me what I need to do with regard to tax - I want it to all be above board. I haven't a clue where to start!

Any help will be much appreciated - I looked into it briefly and got confused as the options seemed to be a) full time employment or b) self employed, whereas I'd be doing both I guess??

Cheers

[Simpo Two]

You can do both. You just need to account for the money and do a tax return. You'll get a good accurate reply, probably from Eric Mc, if you try the Business forum.

[chris.mapey]

I keep any photography revenue in a separate account & do my tax return accordingly.

Chris

[bramley]

Thanks guys

[Elderly]

You have to tell them about your side-line but Revenue and Customs might deem your photographic activities as a 'hobby'.

"I've earned £400 pounds this year from photography but I've spent £10,000 on reclaimable business expenses; please can I have a tax rebate against my PAYE earnings."

[F308 MAN]

what is tax ?

d

[Jenx]

F308 MAN said:

what is tax ?

It's money you've earned that a bunch of leeches steal from you, and then quickly squander...

[ofcorsa]

isnt that pocket money?

[F308 MAN]

Jenx said:

F308 MAN said:

what is tax ?

It's money you've earned that a bunch of leeches steal from you, and then quickly squander...

thank you, martin.
kind regards,
david
isle of man (offshore tax haven)