Do I have to register as self employed to sell Ebooks on Ebay?
You don’t have to register as self employed, especially if it is a part time business. If it is your only income you need to register and pay self employed National Insurance. This keeps you entitled to state benefits and pensions. What you do have to do to stay legal is keep accounts of all your income and expenditure, and declare profits in your tax return at the end of the year. If you make a lot of money use a good accountant to make sure you claim all your tax allowances. If in the UK, watch your turnover – if it exceeds £70,000 in a year you have to register for VAT. You then have to charge VAT on all your sales, you can also reclaim VAT you pay on business expenses, the balance you pay to the Inland Revenue. If you are turning over more than the VAT threshold and don’t register they can make you pay VAT on your past sales even if you haven’t charged it.
