My Ebay Nightmare - Please Help

iainw

@soo

yeah i mean i contact the high bidder before the auction end and state that payment is required immediately should the want the item for xmas.

generally the serious bidders reply quickly to say they intend to do so but in one instance with my wii's they replied saying all the right things then disappeared.


@hintza
yeah and if she does pay i think it will be via a hacked account.

iainw

well sopke to live help on ebay and my final fees and listing fees for this nightmare have reduced from £221 to less than 80, so i'm happy.

thanks for all your advice, that cheap-cheat character has been suspended from ebay, i've received no negs and everything went hunkydory

mistresslisa

I think you had a lucky escape there. Personally i wouldnt risk it again lol;)

iainw

no no fingers burned and lesson learned. just got to take my time next time wasn't trying to scam anyone, my conscience is clean.

powertron

soolin wrote:

Not strictly true. all profits are taxable once you have used your personal allowances, so if you already have any income, earned or otherwise against which you set your allowances then profits from trading would be taxable from the moment you show a profit.

Even if tax ends up not being taxable a person still needs to register with the Inland revenue.

Soo

How does the government know if you are making profit, do you have to volunteer the information if requested?

soolin

powertron wrote:

How does the government know if you are making profit, do you have to volunteer the information if requested?

Tax laws require people to make a declaration of income to the Inland Revenue, so you should not wait until you are asked as that is often too late and you might already be in a default situation.

If you don't declare income, then the Revenue may still find out and if that happens you will not only have to pay the tax owing but also penalties and interest. Apparently the most commonw ay of the Inland revenue finding out that someone is trading is by anonymous tips, a jealous friend, or someone at work who hears you mention you sell a bit on ebay.

Soo

powertron

soolin wrote:

Tax laws require people to make a declaration of income to the Inland Revenue, so you should not wait until you are asked as that is often too late and you might already be in a default situation.

If you don't declare income, then the Revenue may still find out and if that happens you will not only have to pay the tax owing but also penalties and interest. Apparently the most commonw ay of the Inland revenue finding out that someone is trading is by anonymous tips, a jealous friend, or someone at work who hears you mention you sell a bit on ebay.

Soo

Ebay by law should not give your details to the inland revenue. As long as you do not give out your ebay username, it would surely be impossible for the Inland Revenue to track down your sales records, even if they do find out your username, do they have a right to demand information and tax pyments.

I though ebay covered taxes with their increase in fees a few years ago. If the inland revenue should be paid taxes for all profits then surely nearly every ebay seller is breaking the law?