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Need alot of help (im a minor)

2»

Comments

  • Elliot_Edwards
    Elliot_Edwards Posts: 8 Forumite
    could you please help me with explaining these?

    National Insurance number
    the date your self-employment commenced
    the nature of your business
    Unique Taxpayer Reference (UTR) if you were previously within Self Assessment
    the business's UTR if you are joining an existing partnership

    Thanks !
    Elliot.

    (so if i fill the form in, and the accept it or what ever, im allowed to fix electronics goods, while making a profit?):j
  • steve1980
    steve1980 Posts: 2,334 Forumite
    Read the website, or better still ask an adult to help you.
    Estate Agent, Web Designer & All Round Geek!
  • Elliot_Edwards
    Elliot_Edwards Posts: 8 Forumite
    steve1980 wrote: »
    Read the website, or better still ask an adult to help you.

    Yea i just asked my mother, she is slightly unsure, but she said i dont have a national insurance until im 16 :S

    Thanks steve.
    Elliot.
  • steve1980
    steve1980 Posts: 2,334 Forumite
    You need to speak to HMRC then.
    Estate Agent, Web Designer & All Round Geek!
  • Elliot_Edwards
    Elliot_Edwards Posts: 8 Forumite
    steve1980 wrote: »
    You need to speak to HMRC then.

    i shall give them a ring tomorrow, thanks! :)

    Elliot.
  • antrobus
    antrobus Posts: 17,386 Forumite
    steve1980 wrote: »
    Is this not done by hundreds of companies already? rrod fixing? What's that? Or is it iPod fixing?

    RROD = Red Ring of Death - A known fault with XBoxs but fixable.

    (I am so down with the kids.)
  • Gloomy_Past_Bright_Future
    Gloomy_Past_Bright_Future Posts: 191 Forumite
    May I first say well done!

    We started our own business 4 years (after reading Rich Dad, Poor Dad) and so wish we had started earlier, you are young but are obviously very intelligent and well driven, your parents must be very proud of you.

    Re the tax etc issue...

    Have a look at this link:-

    http://www.startups.co.uk/tax-for-under-16s_1.html

    Good Luck in everything you do, I expect to see you in the Times Rich List in the next 10 years!
  • mrsdarbs
    mrsdarbs Posts: 412 Forumite
    Part of the Furniture Combo Breaker
    I haven't got any real advice other than call HMRC and make an appointment with Business Link, but I wanted to wish you the world of luck. I'm 29 and started my own business earlier this year and it was scary stuff. lol
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    edited 7 December 2010 at 11:02AM
    Elliot_Edwards wrote: »
    ...And with regards to under-age sellers on ebay, i am aware of it being against their T&C, but if i maintain a good feedback, and abide by every rule (apart from the age one) i think its acceptable. ...
    Yeah that's fine. Just pick and choose the terms you wish to abide by and ignore the ones you don't. :cool:
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    Elliot_Edwards wrote: »
    ...Ive recently came up with a idea, that involves online marketing/trading and i wish to take another step further, ....
    Elliot_Edwards wrote: »
    Hi victoria,
    The business is based on marketing electronical goods. ....
    Elliot_Edwards wrote: »
    Hi, i must of gotten it mixed up about the marekting, sorry i was lost in a zone:shhh:. ...

    Quite! :cool:
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
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