I'm in the process of putting together a community website for my hometown - the idea being to list events, news, local info you get the idea.
I'm hoping, in time, to be able to offer advertising to local businesses for a small annual fee.
I appreciate that any money I would personally make from this would be tax-deductible. But would I also have to register myself as a business to be able to charge other business for this service? I know I wouldn't be VAT registered, as I wouldn't make enough money, but are there other things I need to consider?
No, you don't have to register as a business, you can do what you wish as a 'Sole Trader'.
The one thing you would need to 'register' would be for self assessment with the HMRC and complete a return once a year detailing any income and expenditure - so keep all receipts and invoices relating to the site to offset against your advertising revenues.
-------------------- TFC 'Going to trial with a lawyer who considers your whole life-style a Crime in Progress is not a happy prospect.' - Hunter S Thompson (1937-2005)
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