Paypal keeping my money!

soolin

Ugg aren't on the VERO list are they? Or maybe ebay are getting tired of people complaining about buying fakes so they are just targetting all UGG sellers with no way of proving whether yours are real or not.

AS for tax, actually even if you have no other income you would still need to declare your income although if you have full allowances left you would obviously not pay any tax. There is no other lower limit that excludes people declaring business profit.

StaffsSW

Missgiggles75 wrote: »

I did register as a business with Ebay, because I had to, to enable me to list more than 3 of the same item within 30 days.

And I've paid import tax etc on the boots, so HMRC can not complain, the profit I have made is not over the threshhold for declared earnings. So I think I should be OK with them, I just think it is really unfair of Paypal to hold my money for 180 days.

Import Duty and Income tax are completely separate issues, and not interchangeable.

The point is that you have not/did not plan to declare any earnings, whether they are taxable or not. It is not for you to decide whether you pay tax or not, you tell the HMRC what you earned in a period, and then they will decide whether they want some of it or not. You really do not want to mess up this part of your plan - nobody knocks on your door harder than a revenue inspector looking for answers. And remember tax evasion is a criminal offence, and not like a parking fine. If I remember correctly as well, all tax cases are straight to crown court - no fluffy local magistrates involved.

With so many realistic looking fake Uggs on ebay, it is little wonder that the money has been held. If the boots start falling apart in a few months and Paypal starting getting credit card chargebacks against your payments then they will be justified in their actions.
You may well know for certain that they are not fakes, but how many times do ebay/Paypal have to deal with problems around these sort of products? It is simply risk management on their part.

cyberbob

Missgiggles75 wrote: »

And I've paid import tax etc on the boots, so HMRC can not complain, the profit I have made is not over the threshhold for declared earnings.

Ahh yes they can. It's not up to you to decide if you are a business no matter how much you earn you still have to register with the HMRC.

macfly

That's not true in this case. And it wasn't the question.

martindow

macfly wrote: »

That's not true in this case. And it wasn't the question.

What's not true and what is not the question? Which post number are you replying to?

soolin

martindow wrote: »

What's not true and what is not the question? Which post number are you replying to?

We have a poster who routinely removes their posts and macfly was replying to that.

macfly

stevew8975 wrote: »

Import Duty and Income tax are completely separate issues, and not interchangeable.

The point is that you have not/did not plan to declare any earnings, whether they are taxable or not. It is not for you to decide whether you pay tax or not, you tell the HMRC what you earned in a period, and then they will decide whether they want some of it or not. You really do not want to mess up this part of your plan - nobody knocks on your door harder than a revenue inspector looking for answers. And remember tax evasion is a criminal offence, and not like a parking fine. If I remember correctly as well, all tax cases are straight to crown court - no fluffy local magistrates involved.

With so many realistic looking fake Uggs on ebay, it is little wonder that the money has been held. If the boots start falling apart in a few months and Paypal starting getting credit card chargebacks against your payments then they will be justified in their actions.
You may well know for certain that they are not fakes, but how many times do ebay/Paypal have to deal with problems around these sort of products? It is simply risk management on their part.

Paypal tend to hold funds when unusual activity takes place. They don't look at the listings and make judgements on authenticity. You have misguided faith in their "management".
Also I would be a trifle annoyed if someone accused me of being a criminal. Neither you nor HMRC can make that judgement call.
If the OP continues to import for a significant period, they have to register. If not, they don't.

StaffsSW

macfly wrote: »

Paypal tend to hold funds when unusual activity takes place. They don't look at the listings and make judgements on authenticity. You have misguided faith in their "management".
Also I would be a trifle annoyed if someone accused me of being a criminal. Neither you nor HMRC can make that judgement call.
If the OP continues to import for a significant period, they have to register. If not, they don't.

Really?

So tax evasion is not a criminal offence?
I stand corrected then...

And I'll tell my accountant where to go as well.

macfly

Don't do that steve. You clearly need him/her. There is no tax evasion, read the poster's comments on that. It's not for HMRC to decide. It's a simple calculation. If a person buys to sell over a short period, and that income is covered by a tax allowance, there is no evasion - hence no crime.

StaffsSW

macfly wrote: »

Don't do that steve. You clearly need him/her. There is no tax evasion, read the poster's comments on that. It's not for HMRC to decide. It's a simple calculation. If a person buys to sell over a short period, and that income is covered by a tax allowance, there is no evasion - hence no crime.

But only if the HMRC know about it surely?

If it is not declared, then how do HMRC know whether it is over the limit or not? And if that money is not declared, what else may be hiding?