e bay tax

James_Bond

Forget it - stupid question! :P

apprentice_tycoon

Snooze_Control wrote:

:rotfl:

What a load of rubbish! The IR won't even raise an eyebrow if you're not pulling £500 a month.

Scare-mongering at its best. Well you good little ebayers continue paying your taxes eh! :rotfl:

SC

I don't see how you can have had over 4700 transaction in the last 12 months and be so certain that you won't get caught? the money has gone somewhere!
I think that you are on borrowed time with this, you seem to me to be the kind of chap that will brag about not paying tax and one day you'll upset someone and they'll report you.

blue_monkey_2

To get a report of your sales you can do the following:

Go to paypal, log in and click on the History tab;
on the left click on Download my history;
scroll down to custom date range;
choose comma delimited - all activity;

You might have to wait for it to come through to you depending on how many transactions you have but then when you open the file it will open in spreadsheet format.

Highlight it all and save it in a new spreadsheet and name it and then you'll be able to adjust and save it. Then, within this spreadsheet open another sheet and copy the same information into it. Then you can sift out all the information you do not need and have a summary which you can use to record the sales you have made. This way, should anything ever be bought into question you will be able to provide all information for the money you have had in and who you have sold to on the detailed page.

One last thing, if you pay an echeque payment the column will say 'cleared' but it will also have another transaction of the same amount further back when the intial 'payment' came in. Arrange all transactions into name and delete one of them - also if you have one that says uncleared, delete this as you'll get the confirmation on the next report else you'll be declaring 2 payments of the same value from the same person and overpay your tax.

It is a case of playing around with the reports and spreadsheet for an hour and getting a feel of things on how it all works. As with anything it is all trial and error and making mistakes until you can feel things out and find out what is right for you. Hope that helps.

blue_monkey_2

These threads make me laugh. Someone selling a few bits and bobs bought from a junk shop is fretting about paying the equivalent of the price of 2 Mars Bars in tax but yet the rest of us with 5-figure feedbacks just carry on regardless...

The tax man is not interested in Ebay. There are seller's out there with far higher sales than myself that have also been trading far longer than myself and they too have never heard a bean from them either.

Far too many goodie-goodies in this country.

What a load of rubbish! The IR won't even raise an eyebrow if you're not pulling £500 a month.

Scare-mongering at its best. Well you good little ebayers continue paying your taxes eh!

On the contary, they are very intersted in eBay. It only takes one competitor to report you - if you are registered then you'll have nothing to worry about, if not then you will.

One can only assume that you have no children or responsibilities as the tax man would have no hesitation at giving you a few months at HMP for tax evasion and sure the hell scares the life out of me for the sake of delaring what they do and do not earn. While you obviously think that it is clever to avoid paying tax I think this is a disgraceful thing to do but you obviously have no shame. If you get caught you'll have no-one to blame but yourself and remember, you don't have to be clever to get away with it as it only takes one of your competitors trying to get 'rid' of the competition to report you on the off chance you might not be registered, you'll never know until they knock on the door. My friend has done this to one of our competition so yes, it does happen!!

blue_monkey_2

One another note, if you sell on eBay you should declare yourself self employed even if not making much money, or money below the earning threhold - this was my mistake. I got a fine of £100 but I called them and explained that as I was only making around £25 a week I thought I did not have to. They told me to put that in writing and they would consider it and I was lucky, the cancelled the fine.

I was alos advised by the DSS to pay my NI contribustions. When I was pregnant they told me to backpay my NI from the date I started being self employed and I would be eligable for sickness benefit and also maternity pay - and this was recommended by the DSS staff if anyone is wondering. I would recommend that you pay your Class 2 NI contribustions even if you make £10 a week as if you are ever sick and cannot work you can get some sickness benefit and it also pays into your pension contributions. It is about £2.10 a week and they take a DD once a month, you can set it up with your local tax office but this is always a good idea even if not earning enough money and gives you peace of mind as well should you ever be ill and not be able to work.

Snooze_Control

Like I say, I don't care! If you've got that much money that you like to contribute to Gordon Brown's pie fund out of the goodness of your heart on a purely voluntary basis then get on with it! I won't stop you! I just think it's very unfair of you to be scare-mongering any newbies to Ebay on here when you don't have to pay and the IR simply aren't interested.

As for getting 2 months in one of HM's finest - :rotfl: You really are very naive and believe far too much of what's written in the papers. The director's of a former company round here didn't even get that combined for £880,000 in unpaid taxes. On Ebay, even if they were interested, the most you'd get is an ear-bending, a slap on the wrist and maybe a couple of hundred quid fine if you're really unlucky.

:rotfl:

SC

Timmne

Snooze_Control wrote:

you like to contribute to Gordon Brown's pie fund out of the goodness of your heart on a purely voluntary basis

Don't be such a pr!ck.

You don't pay tax, you're just as disgusting as the people that commit benefit fraud - it's because of people like you that we pay so much tax in the first place. If you filthy scroungers paid your dues I dare say this country wouldn't be so hard up.

If I had any way of tracing you I'd be on to the revenue as fast as you can say "prison".



Apologies to every other reasonable, normal person that may take offence to this post.

Tirian

Snooze_Control wrote:

As for getting 2 months in one of HM's finest - :rotfl: You really are very naive and believe far too much of what's written in the papers. The director's of a former company round here didn't even get that combined for £880,000 in unpaid taxes. On Ebay, even if they were interested, the most you'd get is an ear-bending, a slap on the wrist and maybe a couple of hundred quid fine if you're really unlucky.

If you've got £880,000 of unpaid taxes to hand, you can probably afford a good enough lawyer to keep you out of the nick. Mere mortals making a few hundred / coupla thousand won't have that luxury.

As for "Gordon Brown's pie fund" - I take it that if you're too good to contribute to this, you're too good to take anything from it as well - in other words, you're not going to claim a state pension or child benefits, you don't use the NHS or state education system, don't receive any tax credits, or use ISAs or Child Trust Funds, Statutory Sick pay, Jobseekers allowance etc. etc.? Because if not, perhaps you should get off your high horse ...

DramaQueen29

Its really simple, you need your total turnover nad profit and details from your job on a seprate form when you get your tax return and thats it as long as the business takes in under £15k - it is best to have all your accounts for instance i print out all my invoices from ebay and also keep a PC copy and backup just in case, but its unlikely theyll bother with you for that little income
When youve done it once youll be surpised at how simple it is

Snooze_Control

:rolleyes:

Why don't you both get your facts right before judging people eh?

Timmne wrote:

Don't be such a pr!ck.

You don't pay tax, you're just as disgusting as the people that commit benefit fraud - it's because of people like you that we pay so much tax in the first place. If you filthy scroungers paid your dues I dare say this country wouldn't be so hard up.

If I had any way of tracing you I'd be on to the revenue as fast as you can say "prison".

I pay MORE than my fair share in taxes and pay more in tax alone each year than many people's gross pay before tax deductions. My tax bill for last year (year start to year end) is just over £15k from my primary source of income.

Tirian wrote:

As for "Gordon Brown's pie fund" - I take it that if you're too good to contribute to this, you're too good to take anything from it as well - in other words, you're not going to claim a state pension or child benefits, you don't use the NHS or state education system, don't receive any tax credits, or use ISAs or Child Trust Funds, Statutory Sick pay, Jobseekers allowance etc. etc.? Because if not, perhaps you should get off your high horse ...

You're right, I am "too good" to contribute towards, but I still pay more than my fair share. I think from the amount I will have paid in over the years I will be getting a very rough end of the deal when it comes to my retirement, ie. the state pension. I've never claimed child benefits (no kids), only been in a hospital twice in my entire life through my own ill-health and both of those times were very brief stays. Education system fair enough. Tax credits - nil. ISAs - nil. Child Trust Funds - nil. SSP - nil (self-emp and never been off work long enough to claim it anyway). Job-seeker's allowance - never, and don't believe in it. There are plenty of jobs out there for everyone and I personally believe dole money should not exist at all. Enough for you there? Everything I own has been paid for in full by me out of my hard earnings, even my house is paid for and I'm only 30. It came from a LOT of saving up and overtime over the past 8 years. I pay all my bills on time and I am completely debt free.

The day that Ebay starts deducting tax off your sales, or the IR actively become involved in it will be day that Ebay loses my business and I'll trade elsewhere. I pay more than enough tax as it is for very little in return and I most certainly won't be paying it twice.


I wonder how many of you lot spouting off about it actually have proper jobs. The likelihood is that most of you are on the dole claiming every benefit you can get your hands on and make your livings selling bent gear on Ebay. :rolleyes:

SC