https://community.ebay.co.uk/t5/Seller-Central/Being-asked-to-upgrade-to-business-account/m-p/7751124#M695591 <P>Hi&nbsp;<a href="https://community.ebay.co.uk/t5/user/viewprofilepage/user-id/705160">@*vyolla*</a>&nbsp;</P><P>&nbsp;</P><P>Like I said "legitimate" business are required to have a business account &nbsp;( ie LTD companies and be registered at companies house)&nbsp;</P><P>&nbsp;</P><P>Current accounts are usually for personal finances...&nbsp;</P><P>&nbsp;</P><P>If you have a current account used for business then this is normally at the banks discretion ( many banks do not allow) &nbsp;and it would be noted ( by the bank) that it is used for " trading"...&nbsp;</P><P>&nbsp;</P><P>Sole traders can use current accounts but advisable to have a separate one to personal banking transactions to make it clearer for HMRC and accounting... I have spoken with HMRC about this quite some years back and they insisted I opened a business bank account for my " trading" activities and because occasionally I would use " casual staff"... It makes sense to do so. &nbsp;Banks are pretty switched on anyhow and if current accounts are used for business and the " transactions" vary and perhaps become much higher than usual , they will query this.&nbsp;</P><P>&nbsp;</P><P>A few odd plants or items would not be considered a business anyhow and it is best to keep separate from any other business activities, so using a current account in that instance would be fine, &nbsp;if that makes sense.&nbsp;</P> Fri, 17 Jan 2025 14:13:31 GMT vintique*violet 2025-01-17T14:13:31Z