Tax

[jam200sw]

I live in uk, our selling limit is £1,000.00 a year on Ebay before we have to give our details for  tax purposes. Can somebody tell me when this applies? Is it January to January or April to April.  I dont have a business but do sell off some of my private collection. Correct  advice would be very much appreciated.

[61stephenuk]

The £1000 a year is a trading allowance for business sellers, you are registered as a private seller so this does not apply to you.

Private sellers sales are reported to HMRC when they reach either 30 sales or €2000 (approx £1700) even then if you are selling your own items you are unlikely to have any tax to pay.

[jam200sw]

Thank you for taking the time to reply
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