how much money can you make on ebay without paying tax?

rare_stuff

MickKnipfler wrote: »

That's a bit abrasive mate. I was only giving information that I had heard. I didn't state is as fact or suggest it would stand up as any kind of defense. If it's different to £100 then I will stand corrected. Neither am I suggesting that people shouldn't register

Am sorry that you found it abrasive, but you had already stated once that you thought that the fine was £100, and when told this was not the case you again stated your thoughts, this time basing them on a mysterious 'someone'. Hardly contributing to the discussion or even acknowledging the fact that your thoughts had been corrected by almost every subsequent post. Suggesting the fine is £100 for not registering may be enough for some people not to bother and take the risk, when in fact these people when caught will face a substantially higher fine as a result, and will be judged very differently to someone just registering a little late. This was the point I was attempting to make, not accusing you of suggesting people shouldn't register.

talkinpeace

Generally HMRC fines are not greater than the tax owed
(CIS excepted)
in general, please read here
http://cgi3.ebay.co.uk/ws/eBayISAPI.dll?ViewUserPage&userid=talkinpeace
I know I sound like a broken record but I update the page with corrections from others and even my HMRC contacts like it

soolin

That is a very useful reference, thank you. MSE does not allow users to post links to their own sites, however I do feel that the Mod team should be approached to see whether this link can be added to the sticky thread about useful hints and tips at the top of this board.

I'll contact them and see if it can be allowed and then when we get similar questions in the future we can just refer them to the sticky thread.

talkinpeace

Soolin
Greatly appreciated.

You will see that I am strictly anonymous and do not ever take on ebayers as clients.
I set the page up because I got bored of typing the information in it.
Other accountants regularly pick me up on missing bits and where appropriate I include their views.
I keep it up to date as a part of my CPD and am more than happy for all and sundry to refer to it, print it out and take highlighter pens to it!!
I'd be delighted to see it pinned
(it already is on the new to selling PLUMP thread on eBay)

MickKnipfler

The fine IS £100

http://www.businesslink.gov.uk/bdotg/action/detail?r.l1=1073858808&r.l3=1073875654&type=RESOURCES&itemId=1073789949&r.l2=1073859215&r.s=sc

soolin

We have permission from the Moderating team to post the following link on the helpful hints sticky thread:

http://cgi3.ebay.co.uk/ws/eBayISAPI....id=talkinpeace

so many thanks to talkinpeace

I will also add this link:

http://www.businesslink.gov.uk/bdotg...3859215&r.s=sc

with thanks to Micknipfler

__lsx__

Those links refer to pages that no longer exist:eek:

soolin

__lsx__ wrote: »

Those links refer to pages that no longer exist:eek:

Oh Bother, They worked when I posted them..I'll contact the original posters and see if they have a new link.

Thanks for that lsx

soolin

Labman wrote: »

soolin both links work in the original posters posts...bet you cut and pasted them!

I do warn people that I am not very techie

Thanks for reposting the correct links!

blue_monkey_2

I WAS fined £100 for late registration and this is the fine they impose. They told me when I called to tell them I would be fined but I explained in a letter (as I had done on the phone) that because I was not earning that much (at that time around £25 a week) I did not think I had to register but I was wrong. They accepted my explaination and the fine was waived, it was before any income was declared too so for all they knew I could have owed them £5,000. the money will become payable when you put your self assessment in. Make sure you keep all of your records.

I was also advised to pay my Class 2 NIC because it covered me for benefits should I get sick or pregnant. So I pay that too.