unfair postage cost.

MrB_2

My tupenneth cometh now(eth).
How many people who have contributed to this thread ACTUALLY declare their income through Ebay to the Inland Revenue? If, like a lot of people are saying, my payment for post & packing is contributing to your petrol, bus fare, parking etc, and then your time you are saying your running a business, okay it may be a small cottage industry, but a business none the less.
If you charge £3.99 for a book which cost 80p to pack and post, then state the rest is to cover your personal transportation and time, times that by, oh I don't know, 20, you are charging £63.80, for a trip to the post office, which would take at the most 1 hour. That, in case you were wondering is £132704 pro rata, of undeclared income.

grayme-m

MrB wrote:

My tupenneth cometh now(eth).
How many people who have contributed to this thread ACTUALLY declare their income through Ebay to the Inland Revenue? If, like a lot of people are saying, my payment for post & packing is contributing to your petrol, bus fare, parking etc, and then your time you are saying your running a business, okay it may be a small cottage industry, but a business none the less.
If you charge £3.99 for a book which cost 80p to pack and post, then state the rest is to cover your personal transportation and time, times that by, oh I don't know, 20, you are charging £63.80, for a trip to the post office, which would take at the most 1 hour. That, in case you were wondering is £132704 pro rata, of undeclared income.

You know I am all for this if I can get away with it.

I buy a book for £20, read it and then sell it for £5 plus £4 postage, taxable loss of £11 plus true expenses HMRC?