| Self Employed or Registered Business,please help.Need to start an online Business while still working fulltime?

Self Employed or Registered Business,please help.Need to start an online Business while still working fulltime?

faztboz asked:


Hello there,

I am planning to start an online Business and mainly trading on auction sites. I currently have a full time job in the UK. What are the tax implications? How do I go about starting my business? Would it be advisable to register myself as self employed? Or do I need to get a Business name and register it? What are the VAT/Tax implications in either case?

Would greatly appreciate your help.

Regards,
Faz

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