Is this allowed, and what are the tax implications?
      Answer1:HIts not a problem, and all you have to do is account for the extra income you earn from your new business against your current salary. If you earn £26k from salary then another £10k from your business, then after you have taken out all of you costs for materials etc from what you pay you self you will have to pay NI & Tax if straight forward sole trader, but if you think you are going to made a lot of money then there could be advantage in being a limited company.your best bet is to go and speak to a good accountant, they can save you more than they cost.
      Answer2:business and newshttp://yugtran.info/
      Answer3:I started my own business working from home and ran it alongside my then employment. Now I have given up the employed job to concentrate on the business.As far as tax is concerned, you will have to keep accurate records of income and expenditure, but remember if you have your own business there are lots of tax advantages that you can use.Without knowing what you are planning it is impossible to go into details but you should talk it all over with an accountant.If you would like to get back to me by email, I can show you a bit more about my business and the tax advantages that I get.Douglas