EJR Beads

Author Topic: Sole trader? registered with HM Revenue and Customs?  (Read 7088 times)

Peter

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Re: Sole trader? registered with HM Revenue and Customs?
« Reply #15 on: July 07, 2012, 12:24:46 PM »
That all sounds spot on!

I would add as an aside on the legal side of things - although it hasn't anything to do with accounts and tax - just to read up on nickel laws, hallmarking laws and if you plan to sell online, Distance Selling Regulations.

Eg if you are selling earrings or jewellery with sterling silver findings, you'll need to display a hallmarking info poster, even if your pieces are below the hallmarking threshold.

Emma

Nickel law is an important one. I sent an e-mail to all my suppliers getting them to confirm by return that they were compliant (even the couple I use on e-bay). That way at least you are covered if there is a problem.

Add to the list informing your house and motor insurer of your change in circumstances. You might find that they will not cover you and you have to change.

SmallWonderJewellery

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Re: Sole trader? registered with HM Revenue and Customs?
« Reply #16 on: July 09, 2012, 02:37:10 PM »
Thankyou!

E-mail confirmations re; compliance with nickel law and check with house/car insurance - very useful tips!