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

 

[Stretch79]

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

Had no idea tbh. Wouldn’t be hard either way lol always a way around

 

[d8mok]

Had no idea tbh. Wouldn’t be hard either way lol always a way around

But you also need a bank account linked to it in the persons name.

I suspect that anyone trying to play the system with false NI would shoot straight to the top of the investigation list. May even be classed as tax fraud? Possibly best option is to use spouse / parents / friends / family’s selling accounts up to the limit first if that’s the route you go down.

The likelyhood of a normal person who plays the eBay game of adding their NI number being investigated is so slim.

HMRC aren’t exactly efficient even though they now have software that analyses peoples social media / accounts to spot fraud.