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Geek Culture / [LOCKED] Tax paying questions

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SpyDaniel
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Posted: 29th Jul 2006 15:30
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Right, I want to know about legal issues when it comes to paying tax and so forth. Say I have a game, which is complete and ready for publishing, would I be best off registering a company? Ive looked into it in the past, but couldnt find any helpful information.
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BatVink
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Posted: 29th Jul 2006 15:41
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Given that you have no way of knowing how successful you will be, you can simply sell the item as an individual and declare any earnings on a self-assessment form in September each year. If it takes off, consider trading as a sole trader or partnership. You need 2 people to register a limited company, and you can kiss goodbye to at least a grand a year in administration.



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SpyDaniel
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Posted: 29th Jul 2006 15:52
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So I would be better off just doing a self-assessment form then?
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Gil Galvanti
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Posted: 29th Jul 2006 18:19
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man I have a lot to learn before I start paying my own taxes . Maybe I'll learn it soon in economics or whatever that class is you have to take.

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SpyDaniel
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Posted: 29th Jul 2006 18:38
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When I have a game to sell, I want it published to be out in shops, so I really need to pay taxes. Also, I knew a guy who lived next door to me, he never paid taxes, so a few years after he and his family moved, he got caught and put in prison for not paying taxes.

The goverment are allowed to steal money from us legally, which is kind of odd, because when we steal money, we get 3 or more years in prison.
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Cash Curtis II
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Location: Corpus Christi Texas
Posted: 29th Jul 2006 18:40
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Quote: "Taxes are just the goverments way of robbing people, avoid em where ever possible, im not helping pay for the nucleur war heads that will destroy earth, or paying for blairs holiday, when the goverment starts spending money sensibly (which will be never) i will start paying all my taxes fairley, until then, just set up a site, and sell your game, though thats just my opinion."

Okay, Matt Rock Jr. Don't pay your taxes and you'll go to jail. Or the IRS will take all of your money away. Whatever your opinion, taxes are a fact of civilized life.


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Cash Curtis II
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Posted: 29th Jul 2006 18:54 Edited at: 29th Jul 2006 18:54
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Quote: "causes that will end 'civilized life', and for that reason i will get out of them when ever possible on pure principle."

No. I call that 'being a bum'.


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SageTech
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Posted: 29th Jul 2006 18:59
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*stands by and watches this become a flamewar before n00b slaps and lock are handed out.

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SpyDaniel
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Posted: 29th Jul 2006 19:24
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I have my questions answered now any way.
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BatVink
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Posted: 29th Jul 2006 19:34
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Quote: "I want it published to be out in shops"


In which case, the companies you deal with will expect a certain degree of organisation. You'd need to at least be a partnership and be registered for VAT. Without that, the administration becomes too complex for everyone else.



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SpyDaniel
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Posted: 29th Jul 2006 19:43
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Thanks for the help BatVink, ill look into this for the future.
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Jeku
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Posted: 29th Jul 2006 20:48
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@fighting spirit - Nice 2 day slap earned there for inciting a political flamewar and hijacking a thread.


"I understand creative people. After all, I worked with towel designers." - Ray Kassar, former head of Atari
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SageTech
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Posted: 29th Jul 2006 21:31
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Quote: "Nice 2 day slap earned there for inciting a political flamewar and hijacking a thread."


Im not saying I was right, but uh... I was right. Free Pint for all the lads

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Battle Legacy has gone MMORPG! Nah, Im just kidding. But seriously, check the WIP

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UnderLord
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Posted: 29th Jul 2006 21:32
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I love how no matter what the topic is, people can still seem to turn it into a flame war

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E-mail UnderLord @ UnderLord AT darkuniverse DOT net
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SpyDaniel
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Posted: 29th Jul 2006 22:11
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Well you can lock this now, I have the answers I wanted.
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