HMRC

[c4ri4n]

Hi there

Does anyone know how far back, the historical information goes, that Ebay

have submitted to HMRC??  To be honest i'm bricking it at the moment.

regards c4ri4n

[style_wise]

I can see why, your account looks it should be a Business Account.

eBay says this starts from 1 Jan 2024

UK digital sales reporting | eBay

HMRC website is good for checking what you owe

Where is your additional income from? – Guidance – GOV.UK

[jonatjonatjonat]

If they decide to investigate, they can go back a lot more though, depending on what they suspect. Whether they can request this from eBay, I don’t know but they could request access to bank records.

[papso22]

Ebay has been  providing information to HMRC for years before the regulations made it a statutory requirement. 

Assessments for underpaid tax can go back 20 years in cases of fraud. 

[brianstrebor]

Believe that they can go back 7 years. I had the letter from HMRC and made a voluntary declaration of 3 years trading and paid what I estimated I owed which they didn't accept and requested I filled out self assessment forms. I couldn't find a tax accountant that didn't want to charge me an arm and a leg so I managed to do it my self and it was a nightmare. With what I owed plus all the late payment penalties and interest it added up to a tidy sum. All I would say, if you get the letter then find a tax accountant to help you.

[jonatjonatjonat]

I only noticed after posting that this was another months old post that’s been resurrected.

the OP is on a business account, though whether they were in March and before I don’t know.

[theflyingwhopperstore]

I had the dreaded brown envelope a couple of years ago & after 30 mins panic, contacted my accountant who dealt with it all.

i also stated that around 30% of my sales were private & not business related.

They checked the accounts & came back all fine apart from insisting private sales went to a different bank account.

i spoke to a lovely lady from HMRC who told they are aiming to do 1 in 10 sold traders a year but bizarrely said they had people claiming to earn £20-30k a year to get a mortgage & yet had no books at all.