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In principle, what you have done is engaged in a taxable trading activity. In practice, because you're only talking about £1,000 revenue, once you've deducted the cost of goods sold plus some overheads ( I could think up a few), your tax liability isn't likely to be more than £100-£150 at worst. As you've confirmed, HMRC aren't in the slightest bit interested. They don't get out of bed for that sort of money.
Did you not get the message?
There is no tax liability, We would not need to know about this.
If you spent 10k and got 80k and took back 10k the answer would be the same
If it was taxed, you would have to pay tax like it or not, even if it was £150 or £1500
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http://www.dailymail.co.uk/news/article-2208028/Tesco-ditch-basic-range-admitting-shoppers-embarrassed-buy-blue-white-striped-products.html
They obviously haven't met us :rotfl:
Although, having read the article, I think this is pretty old news!!0 -
quick question , if i get the spot stuff simple ect know its the trigger colgate..do i get one colgate the 2 simple stuff.going to try my 2nd shop today thanks everyone .better to have loved and lost then never to have loved at all.0
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Its probably common knowledge anyway, but the 1kg bertolli marg thats comparing asda/mossies for 37p. I was in mossies today and its actual price is £3.70....so looks like someone forgot where the decimal place should go when inputting the price!
That is strange I got Bertolli yesterday and sel was 3.22 and compared at 32p!SPC No. 295 - SPC No10 target £350
#1603:staradmin/
SPC 2014 £150/SPC 2015 £256SPC 2016 £324
Saving for Florida 2018 :j
Matched betting toe dipper.0 -
Anyone know if the John Frieda stuff is still working today? I was hoping to get another shop in if so
Thanks.Credit Card: £796 Left/£900 October 2011 :eek:Store Card: £100 October 2011
Declutter 100 Things In January 100/100:j:beer:
No Buying Toiletries 20120 -
Yes someone had tried it and paid 32p ill look for it now.
sorry 79p
https://forums.moneysavingexpert.com/discussion/comment/56003315#Comment_56003315
Cant believe I missed this, I use these regularly
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Yes, But I think you was missing the point or coming over as something that I never said. I never said I wanted to make money, I posted that I would sell some of the goods to cover the cost of buying them in the first place. When you buy stuff you have to pay 32p each time.. or 80p for batteries as these do add up in the end.
I am about stashing as much as I can, and try not to pay anything for it. The stash is used by our family. I would not expect to pay out for cleaning products for over 5 years, if another glitch happens ill get more.
Its not what I think, its the revenue are going to read £8k of goods, selling some, will sell more........ Thats why I was making the point so you don't get your fingers burnt.0 -
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quick question , if i get the spot stuff simple ect know its the trigger colgate..do i get one colgate the 2 simple stuff.going to try my 2nd shop today thanks everyone .
Yes, the trigger counts as 1 so for the 3 total you need 1 trigger and 2 glitchy itemsCredit Card: £796 Left/£900 October 2011 :eek:Store Card: £100 October 2011
Declutter 100 Things In January 100/100:j:beer:
No Buying Toiletries 20120
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