Anyone declaring eBay income to the HMRC?

[Takingabreak]

Unless you've also bought and sold other stuff that made a profit in which case you can count this against it if you need to.

that's kind of where I was heading. At what point are people subject to the same profit / loss type of thing as a Company when it comes to taxation.

 

[baron von greenback]

If it was me I would just set up a new account when I got to say £2000 if the threshold is £2500 bollocks to em

 

[bikeworkshop]

If it was me I would just set up a new account when I got to say £2000 if the threshold is £2500 bollocks to em

Those guys have chains and bars on their stamp to remind you of what they can do if you don't play ball.

that's kind of where I was heading. At what point are people subject to the same profit / loss type of thing as a Company when it comes to taxation.

If you're making more than a certain amount of money, it doesn't matter if you think it's just a hobby or not, you become liable to pay tax on profit.

People who make money have to pay tax.

Taxes pay for hospitals and things.

it's not all bad.

Although the record keeping and calculations are