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Ttttyy gyg

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  • Tildaplum
    Tildaplum Posts: 411 Forumite
    100 Posts Name Dropper
    amataa said:

    Well that could be argued yet again, these items are not initially for resale they are my personal items part of my huge collection of rare sneakers. If I have money due for a gym bill or phone bill etc I just sell the shoes for around 200-800 depending on how rare. Here I don’t have to hassle my parents and get them to pay for these essentials as it might just be to much when you have 8 kids ha ha 
    personal items not for resale hey you are a genius i wonder why noone else has thought of that before. Congrats. Let's hope stupid old hmrc continue to be oblivious to your wheeze...
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 7 April 2020 at 2:46PM
    Tildaplum said:
    amataa said:

    Well that could be argued yet again, these items are not initially for resale they are my personal items part of my huge collection of rare sneakers. If I have money due for a gym bill or phone bill etc I just sell the shoes for around 200-800 depending on how rare. Here I don’t have to hassle my parents and get them to pay for these essentials as it might just be to much when you have 8 kids ha ha 
    personal items not for resale hey you are a genius i wonder why noone else has thought of that before. Congrats. Let's hope stupid old hmrc continue to be oblivious to your wheeze...
    Hard to cover up and hide electronic trails. Connecting dots is very easy. When you've a system called "Connect" that data mines information from a whole variety of sources. HMRC is far from stupid. More a question of people not being as clever as they imagine. 
  • mwarby
    mwarby Posts: 2,049 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 7 April 2020 at 2:49PM
    amataa said:

    Well that could be argued yet again, these items are not initially for resale they are my personal items part of my huge collection of rare sneakers. If I have money due for a gym bill or phone bill etc I just sell the shoes for around 200-800 depending on how rare. Here I don’t have to hassle my parents and get them to pay for these essentials as it might just be to much when you have 8 kids ha ha 
    You state in a previous post that you buy a few pairs, so you can sell them to fund the pair you want. The buying of shoes to sell is a business, how you chose to spend the profits (on shoes) doesn’t mean it’s not a business. Buying something for your own use which you later sell isn’t business, the difference is intent

    take a look at https://www.gov.uk/working-for-yourself from what you’ve posted it looks like to me you trigger many of the points indicating your a trader 
  • kuratowski
    kuratowski Posts: 1,415 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 7 April 2020 at 3:07PM
    Well done on avoiding dabbling in the illegal drugs trade by instead dabbling in illegal tax evasion.
  • mwarby
    mwarby Posts: 2,049 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    so it’s a choice between being a drug dealer or selling shoes ? Have you considered getting a part time job

    good on for avoiding drugs, but I wouldn’t want to compare every step on the journey to getting a good job and future against an illegal career, you’d regret the latter soon enough
  • mwarby
    mwarby Posts: 2,049 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I’m glad it’s not just me who sees that this is obviously a business :)

    being under 18 or having an opinion that it isn’t a business won’t cut much ice with HMRC or the banks (or trading standards if they’re dodgy)
  • D3xt3r5L4b
    D3xt3r5L4b Posts: 1,852 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Under 18 yet has a Starling Business account? Hmmmmmmm??
  • amataa
    amataa Posts: 7 Forumite
    10 Posts
    Under 18 yet has a Starling Business account? Hmmmmmmm??

    Do you wanna see a screen shot 🤣🤣🤣but yeah go ahead check thier terms and conditions they did allow me to open as I already had starling current account but either if you have are bored go ahead and take a look thanks though!
  • mwarby
    mwarby Posts: 2,049 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    To be fair there current account is over 16s, I guess risk of a business account isn’t that different. I guess a lot will come down to the nature of said business 
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