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Do I need a new Tax Registration?

Im 16 need a job. going to sell on ebay. what tax forms do i need to do and business registration etc?

  • Answer:

    Go to www.hmrc.gov.uk. There you will find the form to register as self employed. You will only have to pay tax if your profit exceeds £5225 this tax year and you may be exempt from National Insurance if you come under this limit as well. But its best to be registered as this will establish your National Insurance record and you will be legal should HMRC come investigating.

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youre gonna sell things on ebay for a job ?? ahaa ! wont need any tax forms u wont make any money specially at 16

Danny M

You have to notify the inland revenue that you will be working as a self employed trader. They will send you any forms for you to fill in. You also have to register with the VAT people. You dont need to register your buisness unless you are sure your going to make big bucks. Then you register with Companies House in Cardiff.

nosdda

If your going to be selling less than £5000 worth of goods you wont need any tax forms but if you intend on starting an actual business and making a living from eBay you need to register with customs and revenue/inland revenue call them up and see what you need to do you shouldn't have any problems with them if you cooperate and follow their reasonable rules

Claiire

You don't need tax forms for goodness sake!! Just go on Ebay, and sell, you are a private seller not a corporation!!

olivo

If you are interested to do business of equestrian products Email me at [email protected]

ABS

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