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Small business tax advice
lunaLil
Posts: 1 Newbie
I’ve opened a shop on Etsy. I’m just wondering do I need to be VAT registered and at what income would I need to start paying tax as a self employed business? I have no clue and find the information a mind field.
0
Comments
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the info you seek is simple, if you cannot understand it then pay an accountant to advise you
- is your sales ("turnover") > £85,000 for VAT purposes? https://www.gov.uk/vat-registration
- can your read this? https://www.litrg.org.uk/tax-guides/self-employment/what-trading-allowance1
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