Can I go over my 30 item early limit with being taxed

[5607ellis]

So recently I’ve been selling my collection of retro video games which I’ve built up since I was a kid as I’m moving house and want to declutter. I’ve now reached my yearly 30 item limit and have made around £1700. I’ve sent my national insurance number to eBay as requested. As I’m a private seller can I still continue to sell my items as I have around another 60 gaming items to sell or will I be taxed on further sales? How does eBay/the inland revenue decide who is a private seller and who is a business which should be taxed. EBay’s policy on this kind of thing seems very unclear 

[t32997]

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@vinylscot wrote:

OP only created this account yesterday, and may possibly be one of the many "disrupters" who have been posting on here recently with no interest at all in facts or answers. They simply want to cause nuisance. I kick myself regularly for rising to their bait.

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Excuse me? Pardon me for existing! I've got as much right to be on here as you do.

Who do you think you are? Do you think you own this place or something? I don't think so.

No one's allowed to say anything the main cliques don't approve of? No one's allowed to have a different opinion? What are you? The thought police????

I let you comment on here freely, please respect my rights too.

This is quite concerning actually because I've seen others like yourself acting the same way telling people to be careful what they say about all these recent changes, who just happen to be German and just happen to be selling brand new Nazi pin gift badges. 🤔

[vinylscot]

I apologise to the actual original poster, who has made no suggestion that he is not asking a genuine question, or that he will not take note of the good advice he has been given.

My earlier comment should have been aimed at poster @t32997 , who is the one attempting to disrupt the conversation, with his nonsense.

[t32997]

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@vinylscot wrote:

I apologise to the actual original poster, who has made no suggestion that he is not asking a genuine question, or that he will not take note of the good advice he has been given.

My earlier comment should have been aimed at poster @t32997 , who is the one attempting to disrupt the conversation, with his nonsense.

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? I'm pretty much saying the same as him "How does eBay/the inland revenue decide who is a private seller and who is a business which should be taxed. EBay’s policy on this kind of thing seems very unclear."

I agree with the original poster, it is very unclear and I can't see any way eBay or HMRC can guarantee you won't get taxed which is not right.

I've actually provided a more honest answer than anyone else who's just given a false promise that everything will be fine.

We're all in the dark unfortunately. I would wait a year to see how things pan out and keep on complaining till they change things for the better.

[jckl1957]

It is nothing to do with Ebay who gets taxed or not.

How can they have a policy on something they have no control over?

If HMRC 'come knocking' then individuals have to convince them that the items they have sold are their own, unwanted personal possessions.

Nobody is 'in the dark' and, in fact, the rules regarding paying tax on items sold in an online marketplace have not changed.

HMRC have been sending 'nudge' letters to sellers for decades.

They then decide whether or not you are liable to pay tax based on your response.

You may be asked to make a disclosure - HMRC will compare what you tell them to what they know and decide whether or not to accept your disclosure.

If you are selling more expensive items, having receipts will help to prove you have owned them for a while.

HMRC publish 'badges of trade' to help you work out whether or not they will think you are trading.

It is all very open and easy to find.  No genuine private seller downsizing, offloading, selling because they need some cash etc., should be worried about paying tax on their online sales.

[t32997]

I get it.

If it quacks like a duck its a duck.

If it floats like a duck its a witch.

But if it sinks then it's not a witch.

And if it stays at the bottom of the pond for too long it's too late.

E=mc2 =piece of cake.

If you do not keep up the repayments we may repossess your home.

Terms & conditions may apply.

KEEP AWAY FROM THE FLATS!