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G

glenpen

Graduate Member
Joined
May 4, 2014
Posts
708
Location
Southport
First Name
Glen
I like others make and sell pens mainly at 9 craft Fairs during the year. I have been told that I should Register as a SOLE TRADER. Are you registered or have any opinions on this subject.
Glen:sob:
 
L

loftyhermes

Full Member
Joined
May 11, 2013
Posts
135
Location
Market Warsop, Notts
First Name
Steve
If you're already selling then you should be registered with HMRC for self assessment, that's all that's needed along with adequate insurance i.e. public and product liability. That's all I did in the 8 years of doing craft fairs.
 
R

Ratty

Full Member
Joined
May 14, 2016
Posts
192
Location
Ivybridge
First Name
David
If you turnover more than £1000 a year(Turnover not profit) you need to be registered.
Easy to do, just makes you keep good records to be able to file your return once a year.
 
geordie0928

geordie0928

Graduate Member
Joined
Jan 1, 2020
Posts
470
Location
Whickham, Newcastle-upon-Tyne
First Name
John Joseph
I agree with RATTY, you have to keep record of what you buy, and what you sell. The :vangry:HMRC:vangry: are not very good good at letting you off with a warning, :sob:they will want there pound of flesh:sob:.
 
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