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Ebay and Tax
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lincroft1710 wrote: »VAT registration will only be needed if your turnover is £67,000 a year.
No, turnover threshold is £73k this year.Thanks for this. Was having a wee read of the thread linked too...
Thanks for the indication that £67,000 is the limit. Is the idea behind registering with HMRC so they can take a cut of the profit, or is it for me to claim back extra money from the sales?
This limit is only for VAT - you must register for income tax whatever sales you make. It's not £70k tax free!0 -
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