Recent content by Veloci10

  1. Veloci10

    Registering for VAT - Employed and Sole Trader

    Thank you - There is little expenditure in the business as it’s a digital/design type service. The only thing I have considered is registering as a Ltd company as I believe this would save me in the region of 20% in tax due to just hitting the 40% income tax threshold in my main employment... I...
  2. Veloci10

    Registering for VAT - Employed and Sole Trader

    Thanks for the replies, very much appreciated. The turnover of the business is a long way off that at the moment, I just wanted to be prepared if needed so thank you for the clarification.
  3. Veloci10

    Registering for VAT - Employed and Sole Trader

    Hi All, I’m currently employed, earning ~£55k. I also run a side business as a sole trader, which has picked up in the last 12-24 months. What I would like some help to understand is at what point would I need to register for VAT? I see the current threshold is £85k; but is that purely from...
  4. Veloci10

    Website under construction - Is this legal?

    I thought pyramid schemes were illegal? Thanks for all your comments, if anyone else has any points, I'll be happy to hear!
  5. Veloci10

    Website under construction - Is this legal?

    Hi all, My friend has been working on a website for a project on wix.com, and asked me if I thought it would be possible for it to become a live website. I wasn't sure that it was legal, and so thought I would ask for some help in here... Here's the address: wix.com/lesgelaid/gadgets420
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