Anyone declaring eBay income to the HMRC?

[bikeworkshop]

"Anyone declaring eBay income to HMRC?"

Yes.

 

[d8mok]

No, "Anyone declaring eBay income to HMRC" is the thread title.

But as we all know threads take a path and it’s an interesting point that’s made.

Your average PAYE person isn’t going to do a self assessment unless forced or absolutely necessary.

Someone receiving benefits would be highly unlikely to self assess.

If the benefits they receive aren’t adequate then it’s a case of adjusting lifestyle or working for an income. If they work , by selling on eBay then of course that should be taxed if applicable

 

[Guinessisgoodforyou]

But as we all know threads take a path and it’s an interesting point that’s made.

Your average PAYE person isn’t going to do a self assessment unless forced or absolutely necessary.

Someone receiving benefits would be highly unlikely to self assess.

If the benefits they receive aren’t adequate then it’s a case of adjusting lifestyle or working for an income. If they work , by selling on eBay then of course that should be taxed if applicable

Fair comment.
Edit, the benefits issue is contentious. I suspect the comments in the last paragraph are made from a fairly entitled point of view as are so many comments in this sort of thread. I've no axe to grind so I'm out.

 

[baron von greenback]

If your selling stuff on ebay you already own and are just trying to get rid of it fair enought but if you are buying things to resell on ebay for a profit you are running a business now if your on the dole and doing this you should not be on benefits they wont be declaring thats probably why they have a threshold amount

 

[bagpuss]

If I buy a bike for £5k and sell it for £3k a few years later, do I declare £3k earnings or £2k loss?

Just hope the missus doesn't find out either way.

 

[Stretch79]

Get two accounts in different names.

 

[d8mok]

Get two accounts in different names.

Don’t they require NI number when setting a fresh account up now?

 

[Totoro]

Interesting thread.

My buddy sells all the things I don't want and we split the money or sometimes I just give him things I don't want. This is now casing us problems as I have to work out profits on things and try to remember what I paid for stuff.

It is fair though as some of the things he has sold for me I did indeed buy just to make profit on. Bloomin headache though