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Cost of starting an online Business in Uk?

Hi guys, I have been trying to find out some rules of starting a small online business in the UK but i can't find any source of information. Any one knows what cost I would have to give to the HRM? Any help would be greatly appreciated. thanks

4 Answers

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  • Anonymous
    8 years ago
    Favorite Answer

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  • 8 years ago

    Assuming that you plan to be a "sole trader" ... you must register with HMRC for

    (1) National Insurance (NI) Class 2 contributions

    (2) tax which is paid by completing an annual self assessment form

    There is no charge to register your business but you will start to pay Class 2 NI and be taxed on your income from your business.

    Online businesses are often low cost to start but if you do need a loan then the government is offering Start-Up loans at a competitive low interest rate to 18-30 year old entrepreneurs with good business ideas. They have already provided over 6,500 loans totalling £38M..

    http://ca-businessadvice.co.uk/2013/01/funding-for...

  • !
    Lv 7
    8 years ago

    Nothing; free to register with HMRC.

    Lots of useful info at https://www.gov.uk/browse/business/setting-up

  • Anonymous
    8 years ago

    nothing. zip, zilch, nero, nout.

    what costs is everything else, domain name, hosting, stationary, stock, advertising

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