Tax for Stealth Accounts

[DanielLin]

So I got such question. If I buy a stealth Amazon account from other people, the information on file must not mine. Then after I make sales, how should I file tax for the sales? BTW the location is in the UK. Whats your practice? Do you file tax return to HMRC for stealth account or just leave it?

[james_112233]

You open a business bank account that isn't polluted with personal transactions and strictly for business use.

Money in ... Minus money out

Keep receipts for stock you purchase and other business expenses

Keep records for stock you sell to customers or an account of any money coming in to your business bank account

Give that to an accountant to file your taxes at the end of the year, will cost less than £1000.

Where you sell your stock doesn't matter to HMRC what matters is that you are declaring your income.