eBay

myriad*seller · ‎20-11-2023

From 1st January 2024 eBay will be legally required to give all sales data to HMRC, so business sellers not paying taxes and/or masquerading as private sellers on eBay will soon be a thing of the past

Plus it will be interesting for all the sellers that now have to declare previous years turnover and pay back taxes and penalties...

This isn't the usual "HMRC are clamping down on sellers" line they use to scare people (but never actually do anything), this is a whole new digital computer system and reporting system that eBay are legally obliged to do from now on, to send all sales details for all sellers to HMRC so they can ensure people are paying taxes on their "side hustles".

It will also apply to other self employed roles such as delivery drivers and people who rent out via AirBNB and similar platforms, all their income will be declared to HMRC who will want those figures to match the taxpayers tax return.

There will be a lot of worried eBay sellers now.... who've been trading illegally for years, with the feedback history to match, and who have pretended to be "private sellers" until now...

https://www.thisismoney.co.uk/money/bills/article-12640869/Is-taxman-coming-hustle-Airbnb-Ebay-Uber-...

vinylscot · ‎18-02-2024

But if a thread is locked, the sensible posters can still refer others to it, knowing that it won't be getting any worse. The last 3-400 posts on this thread have either been nonsense, or repeats of earlier posts.

The sensible questions have all been brought up, and have been answered by sensible contributors. Everything being posted now is either a repeat, totally inane, or an attempt to disrupt. Sensible replies are thin on the ground as posters are fed up posting the same things over and over again, only to be ignored by lazy, ill-informed troublemakers, who can't be bothered looking through the thread for the answers, which are all there.

bits_n_bobs_heaven · ‎18-02-2024

Are your taxes in order? eBay now sending sales data to HMRC

Yes and nothing new to add 😂

Truth hurts. Maybe not as much as jumping on a bicycle with a seat missing, but it hurts.

You may think you have pushed ALL my buttons, but you still haven't found the mute!

the_book_seekers · ‎18-02-2024

The sensible questions have all been brought up, and have been answered by sensible contributors. Everything being posted now is either a repeat, totally inane, or an attempt to disrupt. Sensible replies are thin on the ground as posters are fed up posting the same things over and over again, only to be ignored by lazy, ill-informed troublemakers, who can't be bothered looking through the thread for the answers, which are all there.

Precisely and there isn't anything that will stop this. It will probably continue until we get to a point where we start to actually see how HMRC is going operate and that's going to take some time.