Paying taxes on web business

does anyone have the know how on paying taxes for web based business such as shopping sites?as a friend would like to start up a web based business i.e website with shopping cart etc..,but has not the know how on stuff like taxes etc and neither do i.

no rude answers please.

thanks

When setting up a web business, as far as I know you have to inform/declare to the HM Revenue and Customs that you are self employed.

You can find more information about setting up your taxes here:http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1081677261&type=CAMPAIGN&site=1000&furlname=taxhelp&furlparam=taxhelp&ref=&domain=www.businesslink.gov.uk&tc=000KWHMRC1192201839

And here:http://www.hmrc.gov.uk/selfemployed/register-selfemp.htm

Hope this is of some help

yes it is,thankyou very much.