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Do I need to declare tax on things I sell on ebay?

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Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    If you don't make much you can register to not pay national insurance contributions if that's what's worrying you. Any profit from selling things you make to sell needs to be declared to the jobcentre...along with the number of hours you spent in the last fortnight on the task. If you spent more than 16 hours a week on the task you won't get any JSA. If you spent 15 hours and didn't make a profit you can still get full JSA.

    Selling second hand stuff you've owned for ages (no time limit specified in law though so you sell on a phone bought on contract after a few months of use to get some cash) can be sold on tax free.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • geordie_joe
    geordie_joe Posts: 9,112 Forumite
    1,000 Posts Combo Breaker
    edited 6 August 2014 at 10:19PM
    Geordie, why don't you give the number Katy quoted a call?

    Because you said "if you use Google you will find the information", so I want to find it through google.

    Why won't you show me where it says this on the hmrc web site? And why don't you read the link Katy provided?
  • Wizzbang
    Wizzbang Posts: 4,716 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Rampant Recycler
    Here it is, for those of you who are dilatory and indolent:

    http://www.hmrc.gov.uk/students/self_emp_studs_14_1.htm

    http://www.hmrc.gov.uk/dealingwith/penalties-hmrc-charge.htm

    http://webarchive.nationalarchives.gov.uk/+/http://www.hmrc.gov.uk/guidance/selling/tax.htm

    As verified by the multiple other pages on-line saying the same thing, the people who are self-employed who have told you it here and no doubt, by the HMRC helpline, if you could be bothered to call it- instead of wasting everyone's time causing arguments over nothing here.
    Minimalist
    Extra income since 01/11/12 £36,546.45

  • LittleVoice
    LittleVoice Posts: 8,974 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Wizzbang wrote: »
    Here it is, for those of you who are dilatory and indolent:

    http://www.hmrc.gov.uk/students/self_emp_studs_14_1.htm
    I note the use of the word "may". It also says that the self-employed person will also "have to" pay Class 2 NI contributions - though, of course, there are exemptions from paying these but this is not mentioned, so not a completely accurate statement. Strange that it is hidden away in a section aimed at students though claiming the rules are no different for those who are not students and yet doesn't mention 3 months under a straight forward self-employment section. I would expect most self-employed people are not students.

    http://www.hmrc.gov.uk/dealingwith/penalties-hmrc-charge.htm
    Three months window for notifying HMRC relates to being liable to pay Class 2 NI contributions. Not all will be liable.

    http://webarchive.nationalarchives.gov.uk/+/http://www.hmrc.gov.uk/guidance/selling/tax.htm
    An archived page so not proof of the current situation on which to advise newly self-employed - hence why, for example, katykicker reports needing to have registered within that timeframe in the past.

    As verified by the multiple other pages on-line saying the same thing (perhaps all taking their information from that archived page and each other), the people who are self-employed who have told you it here (and who will have registered in the past, not this year) and no doubt, by the HMRC helpline, if you could be bothered to call it (and take up time when people needing to speak with them can't get through) - instead of wasting everyone's time causing arguments over nothing here.

    Thank you for providing links.

    I have contacted HMRC regarding the website information.
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