Ecstatic Laughter In The Evenings

TrulyMadly

Morning paw sniffers:D

poppypopster

Enterprise_1701C wrote: »

I see the tax debate has opened on here again.

We run our own business, and have seen people trying to hide profits, unsuccessfully.

It is always best to declare a second income, after all if you are selling things you got for free then you are only losing a little of it.

Best to keep receipts, keep records of sales, when and how much, and simply to declare it. Not sure what should happen about the APGs though, whether they should be declared?

Yeah that's a good idea but I'm going to check with my local tax office

i_been_robbed

good morning, nice and sunny here.

miss_corerupted wrote: »

No school traffic today. It's the Easter holidays.


I hate the clock change ugh

we don't breakup until Thursday 2nd April, must be thicker around here, need more teaching?

Dizzy_Ditzy

Morning all

MG went to sort the chickens out this morning so I got a lie in :j

Re the car boot debate- if you blatantly have X number of any one item, it's obvious that you're not selling off "unwanted items". Twenty bottles of shampoo do not equate to unwanted items.

Someone mentioned not having to pay tax on secondhand goods, like those bought at asda- soz but that's nonsense. Just the same as having a receipt tp prove that you bought it- again- nonsense.

i_been_robbed

come on own up, who's are these


Mr T's h@tfield



sorry trying to post photo of loads of udis in MR t's food bank bin,
what an i doing wrong?

tweets

Good Morning

hornetgirl

poppypopster wrote: »

Yeah that's a good idea but I'm going to check with my local tax office

Very wise. Don't forget about registering for VAT as well if your turnover is high enough.

Morning all

Enterprise_1701C

When you think about it, there is a lot of companies set up specifically to sell second-hand goods. They have to pay tax.

We have to declare all second hand goods bought and sold, they are liable for VAT too, they are resold therefore part of the business.

Not saying anyone on here could get close to the VAT threshold though

tweets

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Mildred1970

Morning all :wave:

hornetgirl wrote: »

Very wise. Don't forget about registering for VAT as well if your turnover is high enough.

Morning all

£81k pa - that's a lot of car boot sales :eek::rotfl: