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When does a Hobby become a Business?

15th August 2012

I am ofen asked is the activity I am carrying out a hobby or business? A hobby or other activity can often evolve into a business but it can sometimes be difficult to ascertain the exact point in time when this happens. Case law gives us six tests to indicate when a business exists: – The activity is a […]

Tax Q & A’s – Debbie’s monthly editorial for Grapevine readers

2nd August 2012

Every month Debbie Story answers your questions in the local Grapevine magazine. Q: I run a café and I am employing students temporality over the summer holidays.  Do I need to deduct any tax from their wages? A: If a student on a UK-based course only works for you during their holiday periods, and as long […]