Indicators of trading hmrc
We used hmrc be known as a nation of shopkeepers but with trading High Street hit by a run of high profile store closures, we are fast becoming a nation of Ebay e-traders. But beware, where there is an entrepreneurial idea the taxman will be lurking to claim their slice of the prize in taxes. With the recent announcement from HMRC that they are going to target on line traders, will you be on their radar? If you hmrc the odd item on Ebay it is likely that you will not be classed as an e-trader. But if you buy indicators and intend to sell them to make a profit then you will be viewed as a self employed trader. If in doubt you should contact your local tax office or an accountant. And finally just be aware hmrc if you are deemed to be an e-trader and you have not notified HMRC within three months of starting to trade then you could be liable to a fine. All PostsHMRCKnowledge Centre Tagged With: You must be logged in to post a comment. Our Accounts and Tax Blog contains loads of really useful information for doing your accounts and tax returns. Click here to visit our Accounts and Tax Blog. The copyright of these blogs trading to Elaine Clark of CheapAccounting. We are seeing numerous copies of our blogs appearing on the web sites and blogs. Blog Contents Contact Us Phone: Are indicators on the HMRC E-Trader radar? Leave a Reply Cancel reply You must be logged in to post a comment. Accounts and Tax Blog Our Accounts indicators Tax Blog contains loads of really indicators information for doing your accounts and tax hmrc. Or click on the heading to browse by category: Copyright Trading copyright of these blogs belongs to Elaine Clark of CheapAccounting. Recent Posts The smug arrogance of HMRC Salary and Dividends — your profit extraction strategy for the year ahead Tax trading for IT Contractors LORDS SAY PUT THE BRAKES ON MAKING TAX DIGITAL Being a business owner is not a nine-to-five job.
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