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Two business accounts query
Gen2k1
Posts: 16 Forumite
I'm aware that you can have multiple accounts on Ebay UK, but as a sole trader, if you register a second Ebay business account, does that mean you have to have two separate sections on your sole trader tax return (effectively two separate 'businesses'), one for each Ebay account?
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I can't see why you'd need two separate entries.I'm aware that you can have multiple accounts on Ebay UK, but as a sole trader, if you register a second Ebay business account, does that mean you have to have two separate sections on your sole trader tax return (effectively two separate 'businesses'), one for each Ebay account?.0 -
I sell on multiple platforms and all my income is treated as one business for tax purposes regardless of where I sell.I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0
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Do you use the same account name across the different platforms or different names? I'm concerned that, for sole trading purposes, if I have different account names it would be considered as 'Me trading as Account Name A' and 'Me trading as Account Name B', and therefore multiple sole trader businesses on the tax return? Not sure.I sell on multiple platforms and all my income is treated as one business for tax purposes regardless of where I sell.0 -
Your "user-name" is simply that, it's not important legally, but you must display clearly your actual trading name which has to be done by law (there a place at the bottom of every business advert for it where it appears).Warning: any unnecessary disclaimers appearing under my posts do not bear any connection with reality, either intended, accidental or otherwise. Your statutory rights are not affected.0
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Do you use the same account name across the different platforms or different names? I'm concerned that, for sole trading purposes, if I have different account names it would be considered as 'Me trading as Account Name A' and 'Me trading as Account Name B', and therefore multiple sole trader businesses on the tax return? Not sure.
Nope, different names for absolutely everything , however as a sole trader I trade as 'me' and all the user names are immaterial. Therefore as ballisticbrian says on eBay for instance my business details show my name.I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0
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