Legit web design work and TAX? - HotUKDeals
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Legit web design work and TAX?

milesy29 Avatar
8y, 2m agoPosted 8 years, 2 months ago
Not sure if anyone on here may know, but I have a question about tax.

I get asked to do a few websites every year for friends, normally as favours. I've recently been asked to do a small website for a local band for around £300. What I need to try and find out is how I do this all legit for the tax man and provide them with receipts?

I already have a FT job which keeps me very busy, so don't really want to set up a limited company, as I don't see this being a regular source of extra income.Any ideas?
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milesy29 Avatar
8y, 2m agoPosted 8 years, 2 months ago
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#1
Why pay tax on cash jobs, just pocket the money!
If u really want to pay tax do self assessment and use the figure from the p45 and add the £300 i guess to ur total income.
#2
I would rather - but they want receipts, and its something Ive never done before, or to be honest really understand fully
1 Like #3
As your not a ltd company a receipt you provide them will be handwritten or at best printed on pc and would basically be a contract between a person and anothre person/company for goods supplied. As long as it includes a breakdown of charges and VAT for them im sure they will be happy. With regards to yourself it would be far easier for you to pocket the money than to bother with tax returns for £300, that said, if you insist, i beleive you can complete a tax return online. Expect to lose approx 22% of it for no good reason.

http://www.hmrc.gov.uk/sa/

Hope this helps you.

BFM
1 Like #4
Well to be honest don't bother, you will probably get penalised for your honesty, as you are paying in contributions for you F/T job.

If you do websites in YOUR own time then use the money this way, enjoy yourself for the time you have put in ;-) cash in hand is GOOD :-D

IF receipts are needed ask a friend who has a holiday home abroad if you can use his address, put websites R us at the top and this address on invoice, IF it is checked he can deny any knowledge of it. :thumbsup:. Do NOT put your correct contact details in when purchasing the domain name or tagging the site.

Look at this way HM Govt wastes BILLIONS on fighting wars and bailing out GREEDY banks yet could build 60 NEW hospitals in the UK for a fraction of this price...........If they waste your money why offer it up ?????? (steps off soapbox)
1 Like #5
Nice. Atleast im not the only one thinking "[COLOR="Red"]pocket the money[/COLOR]!"
banned 1 Like #6
Ive had a fair few business web designs now that have netted me a few grand. I've never declared a penny. When I've been asked to provide an invoice, I've always logged it in my littluns name!
#7
Sweet - you guys rock!

Had a chat with the guy at the band, and he turned round and said not to worry about receipts, as long as I get a contract in place stating what will be produced and when.

Thanks so much for the advice. It's really cool to know there is so much knowldege on here that's not just linked to finding cheap stuff!
#8
milesy29
Sweet - you guys rock!

Had a chat with the guy at the band, and he turned round and said not to worry about receipts, as long as I get a contract in place stating what will be produced and when.

Thanks so much for the advice. It's really cool to know there is so much knowldege on here that's not just linked to finding cheap stuff!


Knowledge on tax fraud? Nice.

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