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Individual Selling Goods Online, Legalities

Discussion in 'E-Commerce and Online Selling' started by jaguar65, Jan 7, 2007.

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  1. MathewLisett

    MathewLisett

    Joined:
    Oct 17, 2007
    Messages:
    703
    right this is what i have learn't, and not from ***** business link as they just confuse the hell out of me and liel many more.

    im on benefits - yes you can work for 80£ a week or 16 hours but you must tell them

    do you need to register a company name if you are a sole trader - no you can work under any name even your own but you must state your name first the your company name afterwards for invoices and any items stating so

    you can benefit from voluntary vat registration as companies will expemt you from paying vat on their products which helps you in the long run and also helps you become ready for when you gain the amount for doing vat returns later when you pass 64k

    national insurance, straight away, go to your local inland revenue get some forms, fill them in and if sole trading you pay 2.50£per week , which you can pay monthly which in the long run will cause issues if you forget,or direct debit which is more esier way.
  2. buyitonlinehere

    buyitonlinehere

    Joined:
    May 20, 2008
    Messages:
    125
    Yes, its best to keep them informed and they can also advise you what you need to do when you get near £5000

    From
    Doug
  3. Hillyer

    Hillyer

    Joined:
    Apr 29, 2009
    Messages:
    100
    Bit of a stupid question, maybe -- but I am confused.

    Is VAT now only 15%? I understand that at the time of accent's previous posts, VAT was 17.5% but is it now @ 15% because of the "credit crunch"?

    It should remain neutral of course, but calculations would be slightly different.

    Thanks in advance, this thread is super!
  4. tvcmall

    tvcmall Banned Member

    Joined:
    Dec 4, 2008
    Messages:
    578
    About self-employed , the situation of uk is different from china .
  5. Volatileangel

    Volatileangel

    Joined:
    Nov 20, 2009
    Messages:
    89
    I am by no means an expert on anything, but I have discovered a lot about what is required by those selling on-line recently. So, I'd like to add some more to this on the legal side of operating a website.

    1. You are required to provide adequate contact information to customers. This should include an Address and a telephone number. If you're using a dropshipper, you might be able to use their address (assuming you already have that agreement in place for returns), otherwise, you can use your own (not really great for security and privacy), a PO box (can look unprofessional) or pay for a remote address that forwards your business mail on to you (prices wildly vary, some at rip-off costs, so a lot of research is needed). For a customer phone number, you can use a service like www.freespeech.co.uk. They offer free voip, with a free 08... number, and a program to recieve calls, with a voicemail function too. This is an entirely free service as far as I am aware, but they offer a lot more at minimal costs. No, I'm not advertising for them, I am genuinely impressed with it, and their help in setting it up, especially considering I paid them nothing.

    2. As mentioned, you have to comply with distance selling regs. It's common sense stuff really, and all you need to do is act in the way you would expect a company you buy from to act if you had any problems. Look at your competitor's sites, their T's & C's, agreements etc, then model your own from those (don't copy them though). When I did this I found there were a couple of things that were obvious and yet somehow I'd completely missed them in my first draft.

    3. Data control is an issue. Expect to see a raft of new laws and regulations coming in over the next five years as government tries to take control of the net retail sector and squeeze it for licence revenue opportunities! Chances are, we'll all be required to pay fees and taxes just to register in order to be able to read another person's address or surname in a few years.
    Start off on the right foot and make sure you read up on what you are and are not allowed to store as an individual or business. There is a 'wizard' on this subject on the Business Link site, and it is worth doing. It's nothing to worry about, yet, and there's unlikely going to be any chance of you having access or control over such info, but it really is a useful process to go through.

    That's all I can think of for now. Hope that helps some.
  6. Kmc

    Kmc

    Joined:
    May 30, 2010
    Messages:
    32
    I was hoping someone could help me i want to start my own website selling products im only 15 but im in full time education. Can i start up my own "company" do i need to register as self-employed?

    sorry for so many questions


    Thanks
  7. MathewLisett

    MathewLisett

    Joined:
    Oct 17, 2007
    Messages:
    703
    yep nothign stopping you. i do know there are a few things you need to sort out but i hold my hands up saying i dont know everything so ill let the pros help you out further with this
  8. Kmc

    Kmc

    Joined:
    May 30, 2010
    Messages:
    32
    thanks all so complicated ill make a few calls tomorrow to find out more :)
  9. paulstanden

    paulstanden

    Joined:
    Sep 29, 2009
    Messages:
    2,364
    no it is back to 17.5% i believe with the price possibly rising to 20% vat very soon. (guess that is to claw back what they lost when vat went down to 15%??
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