Find solution
Making money with my website?

Would a money-making website have to register as a company and pay taxes?

  • I am making a website similar to a City portal. This will generate revenue by selling discount vouchers for restaurants/bars as well as from advertising. It will be focused on a city that is not in my current country of residence. Would I have to register this website as a company? Would I have to then pay taxes on my profits? If yes, which country should the website be registered (country of residence or country of registration?) Thanks

  • Answer:

    You would initially have to register for Self Assessment in the UK. It is an interesting question as to jurisdiction - the internet is very unclear. I would urge you to register for Self Assessment anyway (you will pay taxes on your personal earnings. If you create a company (not necessary) then jurisdiction will have to be sorted out.

Mayuka at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

You're living in the UK. UK tax/NI contributions would be relevant. Don't put it off. Contact HMRC.

Ellie

If you earn more than £6000 pounds in a tax year then yes you have to pay tax.

Wendy M

a business is a business - where you live

Zarg222

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.