Carboot sale business?

After passing my driving test I've recently started selling a number of different items at various bootsales on weekends. Im quite surprised how well its doing making close to £400 on the best weekend so far. Im thinking about getting more serious about it, I would like to put the money I'm making into a

After passing my driving test I've recently started selling a number of different items at various bootsales on weekends. Im quite surprised how well its doing making close to £400 on the best weekend so far. Im thinking about getting more serious about it, I would like to put the money I'm making into a separate bank account and possibly expand the products.

Since im a newbie to this, I'm wondering what I need to do in order to put the cash earnings into the bank legally? As cash is frowned upon (as a regular income) I'm abit confused as to how I make this legitmate.

How do I pay tax on it? Do i have to officially start a business? Basically I just don't want to get in trouble by not doing something I supposed to.

Any help/advice would be much appreciated

Other answer:

rob:
Anyone can put cash into a bank account without an issue. Just do it.

Keep regular records, in a ledger book, with purchases and business expenses written down by the month, and the daily/weekly income you made at the sales. You balance the totals out at the end of the year and use those figures for your tax returns.

I would include mileage/gas to and from the sales, any expenses for food bought during those times, money spent on buying new things to sell, etc.

The Oracle of Omigod:
I'm not from there, but my guess is you should get a taxpayer identification number so that you can send sales taxes to the state. The end product user is normally taxed. Since your business is a cash business you can use the Gross-Up method to determine the sales tax you need to submit. You also probably need a business license.
Tavy:
In the UK Cash is not frowned upon as a regular income. Many people are paid legally in cash.
If your earnings go over 11K a year then you will have to register as self employed.
tro:
you are self employed, in the US you would need to report the amounts you receive and claim your expenses
in the UK obviously the rules are different, apparently you are excluded up to $11K as self employed
but in the US we have a self employment tax incurred on net profits of $400 and more
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