Author Topic: Will I be taxed selling things I've made?  (Read 7015 times)

Offline APH

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Re: Will I be taxed selling things I've made?
« Reply #15 on: August 20, 2018, 06:39:29 AM »
based on info I am reading here ro car insurance, check periodically as it seems to change quite a lot over time.
That hasn't changed in the thirty years I've been having business cover for my car insurance policies.

The lowest form of insurance SDP (social, domestic and pleasure) will only cover you for commuting between home and your regular place of work. As soon as you start driving around to different places or carrying any sort of goods or tools, you need business class insurance, regardless of whether you're employed or self-employed.
If there's any doubt at all about what you need ensure you explain you circumstances to your insurer in detail. If you get caught with the wrong type of insurance you get prosecuted for driving with no insurance and that's a serious offence.

Offline Misa

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Re: Will I be taxed selling things I've made?
« Reply #16 on: August 21, 2018, 12:53:29 PM »
If you get caught with the wrong type of insurance you get prosecuted for driving with no insurance and that's a serious offence.

Driving with no insurance results in an immediate seizure of your car, points on your license and a hefty fine on top of transportation and storage costs, plus a release fee. As APH says, the wrong insurance is the same as none in the eyes of the law. If your insurance company is [incorrectly] telling you that you don't need business insurance, talk to a different one.

Offline bodrighywood

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Re: Will I be taxed selling things I've made?
« Reply #17 on: August 21, 2018, 03:39:03 PM »
Been and checked my insurance and apparently ther are two kinds of 'business' insurance. Mine is valid and allows me to use my vehicke as a private vehicle and for transport relating to my business. The other one is if your vehicleis solely for business and registered a s abusiness vehicle. I am safe and legal as I am thank goodness you all had me getting concerned there for a bit. It is something to remember though and worth checking out. Thanks for the info.

Pete
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Offline alex_heney

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Re: Will I be taxed selling things I've made?
« Reply #18 on: March 22, 2019, 10:09:26 PM »
Been and checked my insurance and apparently ther are two kinds of 'business' insurance. Mine is valid and allows me to use my vehicke as a private vehicle and for transport relating to my business. The other one is if your vehicleis solely for business and registered a s abusiness vehicle. I am safe and legal as I am thank goodness you all had me getting concerned there for a bit. It is something to remember though and worth checking out. Thanks for the info.

Pete

Your insurance company will not be incorrectly telling you that.

Insurance varies from company to company. If they are telling you that, it will be because the insurance they sell you covers it, and they will be correct.

Offline Wooddust

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Re: Will I be taxed selling things I've made?
« Reply #19 on: March 23, 2019, 01:51:29 PM »
Like anything to do with insurance it is all to do with risk. So some will include business cover as part of your policy (if you ask) without an additional premium. Others will want an additional premium and some may even decline.

Offline bodrighywood

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Re: Will I be taxed selling things I've made?
« Reply #20 on: April 02, 2019, 07:10:35 PM »
My policy is with a company that specialises in artist insurance so that it covers a lot of things that an ordinairy one wouldn't

Pete
Turners don't make mistakes, they have design opportunities