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princess22 | 14:43 Thu 02nd Jul 2009 | Business
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A old friend of mine is selling handmade items and breeding and selling snails and selling them on ebay.
Using 'Snail Farm' as there address.

Should this seller be business registered?
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Technically if you are buying and selling or in this case,breeding and selling, and you are making a profit then you should be paying tax on that profit.
But I would imagine that the tax man is only really interested in those people that make big money on ebay.

If you are selling goods worth more than �67k per year you need to be VAT registerd.
Sorry for being pedantic, but �68,000 is the threshold for VAT

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