Hi all,

i m self employed basically ebay seller, and i have to file my tax return, however i changed my bussiness name since i started as self employed... wat bussiness name should i put on my tax return, the one i registered with hmrc or the new one ??

any help would be highly appreciated..

kind regards

I would put your most current name down. However if your name changed after the period the tax return is for, use that one.

A simple call to HMRC will be able to give you an exact answer.

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Originally Posted by Anthony

I would put your most current name down. However if your name changed after the period the tax return is for, use that one.

A simple call to HMRC will be able to give you an exact answer.

thanks for the reply Anthony... i changed my bussiness name from end of feb so basically period overlaps ....

i registered myself as self employed end of october.. bussiness name changed end of feb..

what is the best course of action..?

thanks

Originally Posted by VisitorX

what is the best course of action..?

I would honestly ring HMRC tomorrow and ask them. I believe it will be your current business name but as I have never been in this situation you should definitely check it with them prior to sending it off.

HMRC have great phone service (in my experience) so you shouldn't be waiting any longer than a few minutes to speak to an advisor. They have loads of different numbers depending on your subject query so make sure you choose the right one

Can I ask you post back here when you get an answer so that if anybody else finds themselves in this situation they know what the score is?

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Originally Posted by Anthony

I would honestly ring HMRC tomorrow and ask them. I believe it will be your current business name but as I have never been in this situation you should definitely check it with them prior to sending it off.

HMRC have great phone service (in my experience) so you shouldn't be waiting any longer than a few minutes to speak to an advisor. They have loads of different numbers depending on your subject query so make sure you choose the right one

Can I ask you post back here when you get an answer so that if anybody else finds themselves in this situation they know what the score is?

thanks anthony please update if u get any info from hmrc, secondly wat exactly do we mean by bussiness name.. is it ebay login name, shop name or bussiness name u register with ebay or paypal..

one more thing i m considering of launching my own website and also want to start trading on other auction sites like qxl, cqout etc wat if i change a different login name on those sites ??? really confused
thnks

Originally Posted by VisitorX

thanks anthony please update if u get any info from hmrc

I think you miss-understood me. I'm telling you to ring HMRC, I'm not going to do it for you

Here's the page with numbers and such on:
http://www.hmrc.gov.uk/menus/contactus.shtml

Regarding your name on other sites. There isn't a problem in you using another name as those are just usernames on websites, you should however do your accounting and finance and invoices under your organisations name, whatever that may be.

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Originally Posted by Anthony

I think you miss-understood me. I'm telling you to ring HMRC, I'm not going to do it for you

Here's the page with numbers and such on:
http://www.hmrc.gov.uk/menus/contactus.shtml

Regarding your name on other sites. There isn't a problem in you using another name as those are just usernames on websites, you should however do your accounting and finance and invoices under your organisations name, whatever that may be.

ahh thats ok anthony thanks for the advice once i ring them up and find out wat todo will post here the details as well..

now one more thing regarding different usernames.. basically i m trading on ebay from two different accounts at the moment, one account for one drop-shipper and and another for a different one.. as both accounts are different so are usernames.. the invoices which ebay generates are under different names..

2ndly i also wanted to ask if quick books is acceptable for accounting purposes, honestly i havent earned enough and i cant affoard to pay accountants fees.. is quick books acceptable or i must take help of accountant

sorry for troubling but i m sure u can understand that i m a newbie into this stuff

any suggestions?

Originally Posted by VisitorX

now one more thing regarding different usernames.. basically i m trading on ebay from two different accounts at the moment, one account for one drop-shipper and and another for a different one.. as both accounts are different so are usernames.. the invoices which ebay generates are under different names..

In that case, just make sure you account for both accounts in your financial reports.

2ndly i also wanted to ask if quick books is acceptable for accounting purposes, honestly i havent earned enough and i cant affoard to pay accountants fees.. is quick books acceptable or i must take help of accountant

Accounting via Excel, QuickBooks, or any other form of accounting software is fine. You don't even have to do it on the PC if you don't want. It is up to you, just make sure it is accurate so that when tax return time comes around you are clear on exactly what financial transactions have taken place, and when.

sorry for troubling but i m sure u can understand that i m a newbie into this stuff

No trouble at all. This sort of thing is what this place is here for.

Glad to help

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