self assessment

04/12/2017 17:16:16
youtube earner, do i need to register
  • Catherine Newman
  • Joined: 03/07/2017 14:29:01
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self assessment

05/12/2017 16:06:27
Yes unless your selling goods you already owned. Look up "Badges of trade". Are you buying things for resale or subjecting goods to a process eg adapting them for sale? If so "yes". If you are selling things you already owned "No."

Re:self assessment

06/12/2017 15:11:17
If you are trading via youtube then yes you will need to register for self assessment. There is more information here on this link to the Business Income Manual https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim20000
What Catherine has said is correct on this basis.