Benefits and Ebay

ADJOLYN

lil_me wrote: »

If you're manufacturing or buying new or old to sell on for profit then you would need to declare it, unless the income takes you over the amount allowed for savings etc which I doubt with it being a few unwanted items..

They know how much is going into your paypal account as they are able to access all of your accounts, bank or otherwise.

am i being naive here do they access all claimants accounts or choose randomly as a working taxpayer i find that obscene that sick people who have enough problems have to explain to some jobsworth where money in their account is from

healy

They only access accounts when there is suspicion of fraud.

Badger_Lady

If you really want to nit-pick and check whether you are "earning an income" from your trading, do the following:

- On the positive (income side), add up the amount of money that you've been sent by eBay buyers, including postage.

Then deduct:

- The original purchase prices of all your items (however long ago it was)
- eBay fees
- PayPal fees (if relevant)
- Postage and packing costs

If you really have been selling your old junk, this will be a negative amount and therefore will have no effect on welfare (or income tax, for that matter!).

However, if there is a massive profit showing from the above, and some of it is coming from items you haven't had for very long or haven't used, there may be a risk.

Depends how honest your original post is!

daveb1_2

charlotte664 wrote: »

To circumvent Paypal appearing on statements is NOT to have money in or out via the bank account. (Obvious I know, but read on!)

A lot of ebayers buy vouchers on ebay using their Paypal funds. This is also why the prices for vouchers on ebay tends to match the face value. Ebayers then use the vouchers in stores rather than the actual cash and its not traceable.

which is how so many benefit fraudsters get away with it as they dont declare they are actually in business buying and selling on Ebay LOL

Hermann

Badger_Lady wrote: »

If you really want to nit-pick and check whether you are "earning an income" from your trading, do the following:

- On the positive (income side), add up the amount of money that you've been sent by eBay buyers, including postage.

Then deduct:

- The original purchase prices of all your items (however long ago it was)
- eBay fees
- PayPal fees (if relevant)
- Postage and packing costs

If you really have been selling your old junk, this will be a negative amount and therefore will have no effect on welfare (or income tax, for that matter!).

However, if there is a massive profit showing from the above, and some of it is coming from items you haven't had for very long or haven't used, there may be a risk.

Depends how honest your original post is!

Simply not true I'm afraid.
You can be trading without making any profit.

Similarly your personal assets can rise in value without that being considered trading.

Simple example is a house.
Buy one house to live in. Its your personal asset.
A few years later its worth £100,000 more.
Just because its made you some money doesn't mean its trading. (Although putting a £100,000 savings in the bank might affect your benefits)

Buy a second house to do up and sell for £100,000 more and you are trading.
If the second house sold for a loss of £50,000 you'd still be trading, just at a loss.

Whether you're trading or not has nothing to do with whether you make a profit or not.

Morglin

The DWP do random trawls through places like E-Bay (and boot fairs) from time to time, and they have caught a fair few virtually running a business.

Selling unwanted personal things wouldn't affect benefits, but if you were found to be buying and selling for a profit, and they found out, then they would question it.

Lin

rls1973

charlotte664 wrote: »

To circumvent Paypal appearing on statements is NOT to have money in or out via the bank account. (Obvious I know, but read on!)

A lot of ebayers buy vouchers on ebay using their Paypal funds. This is also why the prices for vouchers on ebay tends to match the face value. Ebayers then use the vouchers in stores rather than the actual cash and its not traceable.

sorry i dont understand that bit of your post?:o how does buying vouchers on ebay mean you dont have paypal going into your bank, and what vouchers do you mean


<getting tips on how to do it>

Badger_Lady

Hermann wrote: »

Simply not true I'm afraid.
You can be trading without making any profit.

Similarly your personal assets can rise in value without that being considered trading.

Whether you're trading or not has nothing to do with whether you make a profit or not.

OK, so I was being simplistic... but trading at a loss shouldn't affect his benefit entitlement, surely? I was only trying to point out how to calculate OP's profit - if there is one, he may have to take a closer look...

Kintoo

rls1973 wrote: »

sorry i dont understand that bit of your post?:o how does buying vouchers on ebay mean you dont have paypal going into your bank, and what vouchers do you mean


<getting tips on how to do it>

Simple, you sell £100 of items for example (this goes into your paypal account) you could either transfer the money to your bank account (Which shows as Paypal on your bank statement) or buy for example woolworths gife vouchers from ebay

tigtag02

lil_me wrote: »

If you're manufacturing or buying new or old to sell on for profit then you would need to declare it, unless the income takes you over the amount allowed for savings etc which I doubt with it being a few unwanted items..

They know how much is going into your paypal account as they are able to access all of your accounts, bank or otherwise.

Who's this *they* that can access your accounts?