I have read a post above about the trading income allowance but I'm still really confused.
Lots of foster carers are telling me, if my payments from fostering are below £1,000 I don't have to register as self-employed and I don't have to complete a tax return form.
I thought ALL foster carers have to register as self-employed? do we have a choice about registering as self-employed if our payments are below £1,000 for the year?
I'm a respite foster carer and only get about £500 a year in fostering payments.
Any help really appreciated because I am so confused.