Letter off social asking if have ebay shop

pseudopensioner

Given that we haven't reached 12th night yet I can't see that many of the 80 or so items sold in the last two months were unwanted Xmas presents , this information must have been in DWP's hands for some weeks for her to have already received a letter.

She can get proof of competition wins from the organisers.... She can't have been that lucky that she can't remember what she has won, can she?

Maybe she bragged about her sales and profits to the wrong person.

emweaver

i didnt say 80 were xmas presents, some where

shes only had a few small wins, makeup, dvds and books. if you comp youll know you dont always get a notification sometimes the prizes just come through the post.

tbh i cant think of anyone who could of reported her, family are too daft to know she should be paying tax in it / declaring it

emweaver

out of curiousity, buying to sell, do you need to declare it if you only earn say £50-£100 a year? i bought some items in the sale and sold on in the run upto xmas and its got me a bit worried now inrespect of tax only not benefits as that doesnt apply to me

emby

emweaver wrote: »

out of curiousity, buying to sell, do you need to declare it if you only earn say £50-£100 a year? i bought some items in the sale and sold on in the run upto xmas and its got me a bit worried now inrespect of tax only not benefits as that doesnt apply to me

You have to declare everything you make from buying/selling items, no matter the amount.

N79

emweaver wrote: »

out of curiousity, buying to sell, do you need to declare it if you only earn say £50-£100 a year? i bought some items in the sale and sold on in the run upto xmas and its got me a bit worried now inrespect of tax only not benefits as that doesnt apply to me

Yes you do.

greedbay

I think anything that is bought with the sole intention of reselling needs tax payments.

The Government took this country to war and it is costing them a fortune, they want every tax penny they can get their hands on.

custardy

remember for some benefits you are required ot hand in bank statements
if they see eBay/paypal on the statement then they will most likely enquire as to the nature of them

JimmyTheWig

Does entering competitions with the intent of selling on the winnings count as trading? Strikes me that it should / would.

It may be difficult to prove that you entered a competition (knowing the prize, presumably) without the intention of selling what you won but then sold it anyway?

custardy

JimmyTheWig wrote: »

Does entering competitions with the intent of selling on the winnings count as trading? Strikes me that it should / would.

It may be difficult to prove that you entered a competition (knowing the prize, presumably) without the intention of selling what you won but then sold it anyway?

you won the prize so it is yours
after that you can do what you like with it
given its a competition you cant really class it as income

cte1111

Competition prizes are not taxable and can be disposed of in any way you see fit without incurring tax. If your sister googles her name, she might well be able to find winners lists that show at least some of the prizes.

I've also sold a few wins on ebay, as well as cosmetics that I've bought and not used, or free gifts from magazines. I'm a part-qualified accountant, so try to make sure that I follow all tax rules, but am quite happy that as long as I am only selling my own items (that were bought to use) then that is not acting as a business. Some of the items were bought to get Tesco points, so perhaps that is a grey area but I've given away most of these type of things and would have sold them at a loss so think this is OK.

Your sister needs to print off a list of what she's sold and write next to it where she got the items from, as far as she can remember. I don't think they would expect her to still have receipts, but if she does have any then that is good.