Lift limits...are you an individual, sole trader or business?
Hi
I know there are threads already started on this but they don't answer my question.
I have a 1 year old stealth which I have started to use more recently but PP is asking me to reveal what type of seller I am: An Individual, A Sole Trader or a Business. The items I sell are medium value but I tend to sell a lot which brings in a high turnover so in normal situation I would describe myself as a business.
I have a few concerns: What will they ask me to provide? Is it different depending on my answer? Is it true that there is a 20% V.A.T. levy being introduced in January and does this apply to all sellers?
I apologise in advance if I have asked too much in the same thread.
Any help and advice is always very much appreciated |