Buyer wants a refund......What shall I do?

lazymoezy

Im no business! Where did you get that from? I sold a few phones but that doesnt make me a business......I barely have made £100 profit for myself on eBay for atleast a month.

If I was a business, ofcourse, I would refund the buyer...however, im a private seller and I cant afford to make a loss that huge.

I sent the buyer another message stating that I took it to the shop and they said it has been tampered with, therefore, I am in no position to refund you as you stating a different problem (AND lied). I said I would send the phone back at my own cost, just waiting for his reply.

-MoE-

seabiscuit_2

I'm afraid the tax man will see it differently. You bought an item specifically to resell, that makes you a business in their eyes. And don't say they wont be interested because they are checking ebay sellers.

and I'm not a business, im a hoarder with lots of clutter to sell, but i always figured that a few of my buyers may not be satisfied and that i may have to refund their money

if you are that confident, then let them start a paypal dispute, and then discover with there are many websites along the lines of paypal sucks

soolin

seabiscuit is quite right, the moment you buy specifically to sell you are trading, it has nothing to do with amounts or numbers of items.

Soo

lazymoezy

ok thanks for that. I did ask a lecturer about this and he said that I would not be liable to tax, as 1. Im a student and 2. Im under 18, however he did say thats what he thinks, he wasnt 100% sure.

Couldnt that be true? Surely they cant tax student in full time education.

soolin

lazymoezy wrote:

ok thanks for that. I did ask a lecturer about this and he said that I would not be liable to tax, as 1. Im a student and 2. Im under 18, however he did say thats what he thinks, he wasnt 100% sure.

Couldnt that be true? Surely they cant tax student in full time education.

It does worry me that people paid to educate the younger generation can be so dim! Of course a student can be liable for tax, a newborn baby can be as well. There is a huge difference though between being liable and actually paying tax, I really worry about the state of our educators nowadays :eek:

Every person in the UK is liable for tax but has a personal allowance under which tax is not payable. Here are the current allowances:

http://www.hmrc.gov.uk/rates/it.htm

If you do not have income over the allowances then you do not pay tax, but income includes all interest on savings, earned income from part time jobs etc.

However, not being liable to pay tax due to insufficient income is not the same as not trading. It is quite possible to be a trader and still not pay tax if your profit in a tax year combined with other income does not exceed your allowances, however the Inland Revenue do require a declaration to be made so that they are aware of your income and can assess it in future years when hopefully you start to work or turn a profit by trading.

Here endeth todays lecture.

Soo

soolin

lazymoezy wrote:

Couldnt that be true? Surely they cant tax student in full time education.

Just think of the tax dodge if that were true, all those multi millionaires who inherited their money could give up work and become full time students and refuse to pay tax on their income...not such a good idea.

Soo

king_of_the_penguins

lazymoezy wrote:

ok thanks for that. I did ask a lecturer about this and he said that I would not be liable to tax, as 1. Im a student and 2. Im under 18, however he did say thats what he thinks, he wasnt 100% sure.

I may be wrong but i thought you had to be over 18 to trade on E-Bay and to have a Paypal account.

soolin

king_of_the_penguins wrote:

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I may be wrong but i thought you had to be over 18 to trade on E-Bay and to have a Paypal account.

Yes you do, Moe uses someone elses account (unless he now says otherwise) and my views are already known about that.

Soo

lazymoezy

It's my sisters. I got her permission to use both her paypal account and eBay, she mostly buys from eBay and I sell (not much anymore).