HMRC 30 item question

Just curious how HMRC would view a "job lot" listing of mixed new and used items.  Would it be listed as 1 item?

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  • Hoenir
    Hoenir Posts: 1,082
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    Overall profit/loss remains unchanged. 
  • Spoonie_Turtle
    Spoonie_Turtle Posts: 8,134
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    edited 12 January at 5:29PM
    It's literally just a threshold at which the online marketplace passes on your information, for HMRC to better pick up prior who aren't reporting trading income who should be.  One job lot would be one item.

    If you're trading then nothing has changed and you still need to register for self-assessment if you receive over £1,000 in a tax year for what you're selling.

    If you're not trading, just selling unwanted personal items (or selling personal items that are wanted but you need the money more) then you don't need to do anything.
  • RFW
    RFW Posts: 9,974
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    moonpenny said:
    Just curious how HMRC would view a "job lot" listing of mixed new and used items.  Would it be listed as 1 item?
    They couldn't care less.

    The 30 items would be 30 lots. No one, neither Ebay or HMRC, will be interested in how many items are in a listing.

    HMRC have said nothing has changed.

    .
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