eBay trading

[littlespider]

Is it nessecary to register with the Inland Revenue for tax if you trade on eBay?
Also, how do you keep tax records of it if this is the case?

[Statler]

Hi,

All businesses should register with HM Revenue and Customs (the new name for the Inland Revenue) within three months of commencing trading. You can find out more at:

http://www.hmrc.gov.uk/selfemployed/

To find out how to keep financial records, I suggest taking a look at the following secton on Book-keeping:

http://www.shell-livewire.org/beyourownboss/main.php?catid=1&subcatid=33

Lee