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Selling on eBay £1000 limit

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  • plumb1_2
    plumb1_2 Posts: 4,620 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    ever considered just selling it slowly and keeping under the limit?
    I’ll just have to sell upto the £1000 limit, then stop. Until April next year if it starts April to March 
    just want the stuff gone.
    A thankyou is payment enough .
  • RFW
    RFW Posts: 10,490 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    plumb1_2 said:
    ever considered just selling it slowly and keeping under the limit?
    I’ll just have to sell upto the £1000 limit, then stop. Until April next year if it starts April to March 
    just want the stuff gone.

    The reporting is at £1700 (it's the "equivalent of 2000 Euros") or 30 sold items. £1000 limit is a different thing entirely and is for declaring as a business, that's within a tax year. The £1700 is, as far as I know, in a 12 month period.
    As I said earlier you'd be better asking HMRC for advice, they're surprisingly helpful and would advise you what you'd need to do. They would also be able to clarify whether you would be considered a business or not, it's quite hard to tell from what you've said.
    .
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