DONT GET CAUGHT REG NOW

I HOPE U FIND THIS A BIT USEFUL I AM ONLY WRITING IT IN HOPE THAT SOMEONE WILL AVOID THE SAME PROBLEMS I HAD

DO U REG AS A BUSINESS

IN SIMPLE TERMS IF U SELL ANYTHING THAT U DO NOT ALREADY OWN THEN U HAVE TO REG AS SELF EMPLOYED.

IF U BUY SOMETHING FROM A BOOT SALE AND THEN PUT IT ON EBAY AGAIN IN SIMPLE TERMS U OWE THE TAX MAN 25% OF THE PROFIT(NOT EXCAT FIGURE BUT NOT FAR OUT)

DONT THINK U WONT GET CAUGHT I DID AND IT NEARLY COST ME EVERYTHING

ALL U NEED TO DO IS PHONE THE TAX OFFICE AND EXPLAIN TO THEM THEY WILL THEN HELP AND GUIDE YOU

I PAY AN ACCOUNTANT BY STANDING ORDER EVERY MONTH AND THEY THEN DEAL WITH VAT RETURNS AND TAX RETURNS FOR ME

SO SIMPLY ANYTHING U SELL NEW OR THAT IS NOT YOURS AND A PROFIT IS MADE U MUST MUST DECLARE IT

DONT MAKE THE SAME MISTAKE AS ME

I WILL BE WRITING GUIDES ABOUT VAT TAX RETURNS PURCHASE ORDERS STOCK CONTROL SALES INVOICES EXCEL OVER THE NEXT FEW WEEKS SO CHECK BACK THIS IS JUST A LITTLE START

IF U NEED ANY ADVICE PLEASE EMAIL ME