I’m looking for a straight forward answer, in the last year I’ve become very very interested in photography and over the past 6 months have been slowly building up a portfolio. I am in full time employment and I make my PAYE and NI contributions through my salary.
My dilemma, I used facebook to find volunteers thinking I’d only get a few but I’ve ended up with 20+, I am happy to do some for free but the more and more that are coming I feel that I’m been taken for a ride a bit and I’d like to charge a small amount (£40) to people who are new to asking, mostly for the time I spend taking the shots and all the time I spend post processing (anything upto 2 weeks) and providing all the final set of photos on CD/DVD. I have the potential to earn £160 from this by the start of November.
I’m not running self employed or as a business (part time, mostly weekends) as yet, this is something I would like to do hopefully in later part of 2011. What steps do I need to take for these small potential earnings to ensure that I don’t end up in trouble with HMRC??
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