Hi all,
I am hoping someone can help me with advice for my mother. She is 66 years. She is in receipt of a state pension as is my father. My father is a farmer and sells sheds, maybe two a month. My mother knits jumpers for the family and has recently been asked to knit a few items for the weekly farmers market. The committee of the farmers market take a note of her stock, take 10 % of her takings and pay her the balance by cheque each month. I imagine the amount of stock she would be selling on a weekly basis would be very small. I just wondered does she need to register for tax or as self-employed and if so would this affect her pension and would it have any affect on my fathers pension or business?
Any guidance would be really welcome.
I am hoping someone can help me with advice for my mother. She is 66 years. She is in receipt of a state pension as is my father. My father is a farmer and sells sheds, maybe two a month. My mother knits jumpers for the family and has recently been asked to knit a few items for the weekly farmers market. The committee of the farmers market take a note of her stock, take 10 % of her takings and pay her the balance by cheque each month. I imagine the amount of stock she would be selling on a weekly basis would be very small. I just wondered does she need to register for tax or as self-employed and if so would this affect her pension and would it have any affect on my fathers pension or business?
Any guidance would be really welcome.