Very often the budding hobbyist or crafter finds that they are in demand – their pals and even only slight acquaintances, suddenly want to have their products for presents or for their own uses. This is the point when money, hard earned cash, starts rearing its head. As soon as you begin selling goods on a regular basis, the question arises – when does the hobby or craft become a recognised business. The government says that you can earn up to £1000 per year in your trading income before you need to register as a self employed person. If it is literally only a small side line, then there may not be any payment of income tax involved.
The next question to arise is . . . do I need to get permission, particularly in writing, to run this business from my home. If you live in any form of council or housing association property, you will definitely need to check the rules of your tenancy. It may only involve something simple like filling in an application form to notify them you are doing this activity, but other authorities can want more action before giving the green light. Those who are buying their own property will lmost always need to get the permission of the mortgage lender and the local planning officer, particularly if the business will require any changes being made to the property that may affect the neighbours. The best policy is to ask the questions rather than plead ignorance should you discover later on that you had flouted rules.