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Posted Fri, 21 Jun 2024 06:41:49 GMT by favour155
Hi, I'm a sole trader in the UK with a trading name "Example" and the domain example.co.uk. I sell items online. For localization and SEO (search engine optimization), I would benefit from setting up country-specific domains, such as example.us and example.fr, to increase traffic and sales. However, I can only set up one payment gateway per site, meaning I need to create separate merchant accounts for example.us and example.fr. If I accept payments into my bank account, when it comes to taxes, do I need to separate the transactions by domain, or can I report them all under one account? It's the same business selling the same items, just using different domains and payment merchant accounts, with all settlements going into one bank account. Thank you.
Posted Wed, 26 Jun 2024 13:21:49 GMT by HMRC Admin 5 Response
Hi 

In theory, you could declare your cumulative income from each account under a single business account.
However, if this income comes from selling goods to different countries, we may need to confirm some more details before we can correctly advise you.
To allow us to do this, contact us by webchat or phone via Self Assessment: general enquiries

Thank you

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