Right need to work out how this all works because its all new to myself and the fella I do the website with.
We have a football website which is starting to trickle in some earnings via the betting affiliates which is good news. However, with us both working full time hours, how do we go about adding the income from the website to the personal income we have in terms of tax.
Do we need to declare the website as a business?
Do we need to open up a business bank account?
Or do we simply just register HMRC taxes?