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Posted Fri, 13 Dec 2024 10:48:51 GMT by ulldins
My Son who is 16 has started a 3d printing business, however due to his age, the Etsy, Ebay and Amazon accounts are in my name. When I receive the payments, I send these directly to his account. How would this work with self-assessment? I also purchased his equiptment and ongoing materials again due to me having a Amazon and AliExpress accounts, how do we manage this when he is running it all? Thanks!
Posted Fri, 20 Dec 2024 10:13:14 GMT by HMRC Admin 32 Response
Hi,
As you are the parental guardian due to him being a minor you will declare the income and expenses as his.
You need to register him for self assessment with you as the guardian.
Thank you.

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