Discussion in 'General Advice' started by lethalboom, Jun 7, 2008.

  1. lethalboom

    lethalboom New Member

    Me and a friend are thinking of setting up an e-commerce site, subject not known yet.
    Basically we are both from England, and are asking, if we make an e-commerce site, will we haev to pay tax on the profits?

    Thanks in advance
  2. happywife

    happywife Gold Member

    I don't know the tax laws in England, but I can't imagine that they'd let you get away with non-payment. [​IMG]

    In the US and Australia, e-commerce is taxed like offline commerce. You can claim business deductions, etc., but you still pay on the profits.
  3. lethalboom

    lethalboom New Member

    im guessing it is teh same for normal offline businesses, too, but, better to be safe than sorry, and all that [​IMG]
    thanks for the advice [​IMG]
  4. getagrip

    getagrip Gold Member

    Go to Google and type "uk tax law forum" or something similar and you will find some legal forums to help you answer that question.
  5. lethalboom

    lethalboom New Member

    I will do that, thank you for the information [​IMG]

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