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Question Starting a business - questions :D - August 31st 2010, 06:11 PM

Basically, I want to start my own business selling graphic t-shirts a bit like Atticus, Paint the Stars or Glamour Kills. As i'm only 15, would I have to pay any taxes or anything? I live in the UK. Also, I've looked up some prices for printing and the like, and both prices with VAT and without VAT are listed. Would I have to pay VAT? And if not, why do they list both prices? Sorry if these questions seem a bit silly, but I just don't know where to start to be honest. I'm not expecting to be as successful as the brands I listed or anything, but want to make enough money to make it a viable business proposition, if that makes sense? Any help at all would be appreciated x
   
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Re: Starting a business - questions :D - August 31st 2010, 06:16 PM

Oh, and please feel free to give me any advice regarding any other aspect of starting your own business
   
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Re: Starting a business - questions :D - August 31st 2010, 08:10 PM

If you'd be using band logos, you'd have to probably obtain copyright permissions before printing anything and making a profit off of it.

I would look for local resources on starting your own business. If it's anything like it is here in the US, there are a lot of steps and papers to be filled out before anything can happen. As for taxes, if you're starting a business and file as a business, you will owe taxes.
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Re: Starting a business - questions :D - August 31st 2010, 08:40 PM

I'm not using band logos or anything, just my own designs, so copyright is one less thing to worry about (thank goodness) Thankyou
   
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Re: Starting a business - questions :D - September 3rd 2010, 09:06 PM

The only way you wont pay VAT on goods you buy for the business will be if you are VAT registered. And you will have to pay taxes if youre income from it is over 6K I think.
   
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