requirements

lee8040

what do we need to do if we was to sell products online. we will have the website and domain name, is that it or do we need to be registered as a company or vat stuff like that?

income wont be that huge less than £5000 per year and will be a sideline to our main jobs

richt71

I'd recommend getting a free consultation with an accountant (try a few locally) as a straight forward answer is impossible. I mean you don;t need to be a company but this will have tax implications if you have other income. Don't need to register for VAT until you hit £59,000 but will you be paying vat on your purchases for the business like stock and/or equipment??