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What happens when I upgrade to a Business Account?

Hello everyone. I have a question. I am selling a lot on ebay, and I've nearly met my selling limit this month only half way through. My question is, if I upgrade to a business account, do I have to charge customers tax and pay tax to the government? Are there any other regulations? This will not be my main source of income, just a side way to make some extra cash.

 

Any replies are appreciated, thank you!

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