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Looking for advice regarding LCWRA and self-employed work

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Hocko
Hocko Community member Posts: 1 Listener
Hi everyone!

I've recently been awarded LCWRA. I'm also interested in doing some work to top-up my income, and I know LCWRA has a work allowance.

I've struggled to find any suitable employed jobs (homeworking, flexible hours, approx 10 hours a week). So I was thinking about doing acadmic tutoring as I have a degree and I am knowledgable in my subject. Then I could choose my own hours and the amount I work.

However, I'm confused about how this would work in terms of reporting my earnings to UC. I've never been self-employed before, but it seems that you generally report your profit to HMRC yearly, but UC is paid monthly.

It also seems that it would be my profits that my UC payment would be based on, so i'd need to deduct costs from my earnings to work out my profits?
Would I just do this myself monthly and manually tell UC what profit i've made?

Can anyone advise me on this? Or recommend any useful resources?

Thanks!

Comments

  • calcotti
    calcotti Community member Posts: 10,010 Disability Gamechanger
    edited June 2023
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    For UC you would have to report any business expenditure and any income actually received for the UC assessment period. It has to be reported on a cash accounting basis and reported on the last day of the period.

    UC will treat the difference between the income and expenditure as your earnings for the month.

    https://www.gov.uk/government/publications/universal-credit-and-self-employment-quick-guide
    Information I post is for England unless otherwise stated. Rules may be different in other parts of UK.
  • Cher_Alumni
    Cher_Alumni Scope alumni Posts: 5,734 Disability Gamechanger
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    Hello @Hocko and welcome to our online community, how are you today?

    I hope Calcotti's advice has clarified how you should report any earnings. If anything remains unclear, please give us a shout and we'll do our best to help.

    All the best and take care.
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