Question...

kellyriddell

Hello all. just wondered if you could help me out - a friend is self employed and is considering opening an ebay shop with a potential turn over of 5000-7000 a year, now if they were to do so as a seperate entity from being self employed would this still need to be declared or is there a threshold?

Hope that makes sense!

loralu

when you say seperate entity do you just mean a seperate sole trader business? all income needs to be declared.

kellyriddell

Kind of, same person 2 different trading names as far as I am aware - so all needs to be declared?

loralu

yea if its her business it needs to be declared, its not as if they are selling one or two personal items on ebay which wouldn't need to be declared.