Question...

kellyriddell
kellyriddell Registered Posts: 84 Regular contributor ⭐
in Off-topic
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!

Comments

  • loralu
    loralu Registered Posts: 64 Regular contributor ⭐
    when you say seperate entity do you just mean a seperate sole trader business? all income needs to be declared.
  • kellyriddell
    kellyriddell Registered Posts: 84 Regular contributor ⭐
    Kind of, same person 2 different trading names as far as I am aware - so all needs to be declared?
  • loralu
    loralu Registered Posts: 64 Regular contributor ⭐
    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.

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