Hobbies - Simmers & Co

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Simmers & Co
Chartered Accountants

Frequently Asked Questions                                                                                    Print this page
In my spare time, as a hobby, I make models and then sell them. Do I need to pay tax?

It will depend whether the activity is a trade. If you make the models with the intention of selling them at a profit, this will constitute a trade and any profits will be taxable. If it is a trade you will also need to consider national insurance and, possibly, VAT.
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