i agree with Lulu - the profit and loss statements suck, but it's best to be completely upfront with them - you're registering as a business and need to be upfront about it. it will all go through a complex assessment officer who will be able to say whether you run at a profit or loss and then it willbe recorded on your file. not fun - but definitely better to do a bit of paperwork than to have them find out months down the track that you've started it and have nasty investigations...