Matty
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Post by Matty on Nov 18, 2010 0:08:11 GMT 1
I am going to start filming DVD's, they will be professionally done with camcorder & tripod, they will all be 1 hour & 10 per DVD & i will try to get to many towns as possible when I have time. I am going to Wakefield & Castleford tommorow.
What I need to ask is would anyone consider buying one if i was to put them up for sale at £5.00?
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kendall17
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Justice for the 96!
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Post by kendall17 on Nov 18, 2010 0:57:39 GMT 1
I hope you'll be declaring this income and will be registering as self employed.
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Matty
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Post by Matty on Nov 18, 2010 11:07:43 GMT 1
No... I didn't know I had to just to set up an account on Ebay, i'll have to sell them on the QT at bus rallies etc.
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Jack
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Post by Jack on Nov 18, 2010 17:18:57 GMT 1
Also, think of the increase in rates you will have to pay at home if you're running a business from the property?
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kendall17
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Justice for the 96!
Posts: 4,516
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Post by kendall17 on Nov 18, 2010 20:00:39 GMT 1
Also, think of the increase in rates you will have to pay at home if you're running a business from the property? Yup. In summary you will: A) Have to register as self employed B) Declare all income & bank interest C) Pay tax @ 20% on all self employment income above the LEL D) Fill in a tax return (D.1) Possibly by an accountant if you're strugging which isn't cheap! E) Notify your local council you're running a business from your property F) Pay increased rates G) Make a profit. If you're selling on eBay and its things like these DVDs you plan on making, you will need to be registered as a self employed trader. If you're selling items you've used & possessed personally, you dont. |
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