Well what is and is not business? All this confusion was invented by rich fat cats who got away with it for years, and its only because your average Joe is now doing this that HMRC is cracking down on it. I think you could justify it, but you may have to be creative and have a solid story.
How many companies/individuals can they investigate and how much time does this all take up? If it appears that you are earning lots and paying little tax then I would say you are a candidate for investigation?
Pragmatic view: dont spend all the money you earn and if you have to cough up more tax, then pay it. But chances are you will get away with it.
How many companies/individuals can they investigate and how much time does this all take up? If it appears that you are earning lots and paying little tax then I would say you are a candidate for investigation?
Pragmatic view: dont spend all the money you earn and if you have to cough up more tax, then pay it. But chances are you will get away with it.
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