Registering as self-employed in order to make voluntary class 2 NI contributions
Posted: April 7th, 2019, 2:46 pm
My wife needs a couple of extra years NI contributions; she registered as self-employed in the tax year just finished to facilitate that. Now the tax year has ended we’re getting cold feet as it feels a bit iffy to us. Any views, given the circumstances outlined below, would be very welcome.
We’ve already paid around £750 for one of the missing years, and were hoping to add the second, 2018/19, for around £150. We’ve always been scrupulous with our tax returns, and this ‘self-employment’ feels to be playing the system – I would hate to trigger some sort of investigation.
My wife has a craft hobby, and registered as self employed for 2018/19. She made four sales in the year, total value under £200. Total materials expenditure was considerably more than that, as the ‘hobby’ element has continued alongside the ‘employment’ element. We could sensibly apportion the expenditure to arrive at a figure of a tiny profit.
With self-employment, accounts are ‘required by law’. What would I need to do to turn a list of some 20 transactions into a set of accounts?
Does it seem reasonable to claim self-employment on the basis of the above, or is this ‘pushing it’ with HMRC? Would it just be safer to stump up the £750 instead?
We’ve already paid around £750 for one of the missing years, and were hoping to add the second, 2018/19, for around £150. We’ve always been scrupulous with our tax returns, and this ‘self-employment’ feels to be playing the system – I would hate to trigger some sort of investigation.
My wife has a craft hobby, and registered as self employed for 2018/19. She made four sales in the year, total value under £200. Total materials expenditure was considerably more than that, as the ‘hobby’ element has continued alongside the ‘employment’ element. We could sensibly apportion the expenditure to arrive at a figure of a tiny profit.
With self-employment, accounts are ‘required by law’. What would I need to do to turn a list of some 20 transactions into a set of accounts?
Does it seem reasonable to claim self-employment on the basis of the above, or is this ‘pushing it’ with HMRC? Would it just be safer to stump up the £750 instead?