Old School Grime Kid

@HMRCcustomers Thanks Saif, if a business is on course/targeted to make £1000 or less in a year, but suddenly sales increase unexpectedly - what would they need to do in terms of registering etc?

@GrimeMisfit Hi, no they will not. If your income is less then £1000 from your business then you do not need to declare this with us and if you earn under the allowance then you do not pay tax on this. Saif

@HMRCcustomers Hi. If a person works part time and earns under the £11,850 tax free allowance (lets say they earn £11,850 exactly) but also run a business on the side which earns under £1,000 tax free trading allowance (lets say £1,000 exactly). Would this person pay any tax? Thx

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