HMRC DONT BELIEVE WHAT THE MEDIA AND SOME PEOPLE ARE SAYING

[jackstackcornwall]

some media outlets and miss informed people are spreading the word that the Tax man is after you ,no they are not, scare mongering is doing the job it self ,its nothing to worry about , the tax people only know what you tell them and as long as you are an honest seller and do your tax return from the details on your ebay then you have nothing to worry about  the fear is far worse than the truth 

[myriad*seller]

Strange that is is always "private seller" who sell multiple new items who are kicking up a fuss...

Of course, I am sure they are all registered with HMRC so they pay their fair share of taxes (and just forgot to update to a business account on eBay), and its definitely not a knee jerk reaction because they are scared of "being caught". No it's definitely not that... 

[kath3735_wxmjn]

what a crock!  Nothing to do with spying at all, all to do with collecting taxes from those who are trying to get away without paying their fair share and probably claiming benefits as well!    The taxman has the right to go back quite a few years if they want to so maybe you should be the one to stop talking B.S.  

[diecast-madness-2]

And what about people that are clearing out collections, that have been collected over 40 years, and tax paid on all those purchases, why should we have to then pay MORE tax ?

[myriad*seller]

Please read the thread

The tax will only be applied to people who are TRADING

Not people selling off their own collection. Keep records so you can prove you are not trading, if you are worried

[thesmi42]

The tax rules are not changing and such collections would more likely be classed as 'personal possessions' so the current rules would apply.  Selling brand new items on the other hand...

[kidmore_kats]

I posted this originally on the Business Seller Board, but it might be more useful here.

https://www.bbc.co.uk/news/business-68606722

Brilliant timing

[jckl1957]

I think any seller who is offering 15 of the same item on a pre-order basis would struggle to convince HMRC that they were selling off a collection amassed over forty years.

@diecast-madness-2 

You need to upgrade to a business account with a legal returns policy.

[papso22]

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@diecast-madness-2 wrote:

And what about people that are clearing out collections, that have been collected over 40 years, and tax paid on all those purchases, why should we have to then pay MORE tax ?

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Are you asking on behalf of someone else?  You are clearly operating a business with tax and other legal obligations.

[forshplan]

Could not agree with you more.

[*vyolla*]

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@diecast-madness-2 wrote:

And what about people that are clearing out collections, that have been collected over 40 years, and tax paid on all those purchases, why should we have to then pay MORE tax ?

---

Sellers wouldn't be taxed on their own personal items, but I'm assuming that you're not talking about yourself here?

You'd be classified as a business seller, no way can you claim to be selling off your own personal collection. You're selling some items on pre-order Spring 2024, how do you think you can claim that these items are part of your collection?

https://www.ebay.co.uk/itm/235464312425?itmmeta=01HSBXT1WFV9YBP7TEA364YTVY&hash=item36d2c44669:g:faw...

To be honest, you're the exact kind of seller that HMRC are hoping to scoop up in their net, and they'll likely look at your other eBay selling account and go back as far as they deem you to be trading. 

[forshplan]

There are actually some nice people who work for HMRC. However, like any
other organisation there are a few bitter, jealous individuals who will
suspect the slightest infringement of these conditions. How on earth can
most collectors recall what they actually paid for each item, in fact they
may have been left some things by their relatives? Can we trust this new
situation to separate ordinary folk from those who are out to beat the
system for their own untaxed gain? There is nothing clear cut on a fair
system of appeal and therein lies a problem.

[engowen07]

Not sure anyone spotted this from https://community.ebay.co.uk/t5/Announcements/Information-regarding-UK-digital-sales-reporting-to-HM... , apart from the known criteria of >30 transactions and >£1740, it only applicable to new account registered from 2024.

"Required UK digital sales reporting should only affect newly registered accounts in 2024 and all accounts in 2025"

[*vyolla*]

Yes, we've been posting and referencing that link in various tax related threads across eBay Community.

The latter sentence "Required UK digital sales reporting should only affect newly registered accounts in 2024 and all accounts in 2025" is believed to be incorrect and there's no source for it. HMRC don't recognise it either. Nobody knows where eBay have got that from.

[papso22]

The model rules for the Regulations refer to 'accounts registered in 2024', which is clearly meant to exclude accounts that were registered prior to 2024 and are no longer registered, but which ebay has interpreted as meaning you exclude from the reporting requiremnts  all accounts that were already registered prior to 2024.  They have inserted the word 'new' to justify their interpretation.

As previously said it makes absolutely no sense to give established accounts a 'year off'.

[litp*records]

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@*vyolla* wrote:

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@diecast-madness-2 wrote:

And what about people that are clearing out collections, that have been collected over 40 years, and tax paid on all those purchases, why should we have to then pay MORE tax ?

---

Sellers wouldn't be taxed on their own personal items, but I'm assuming that you're not talking about yourself here?

You'd be classified as a business seller, no way can you claim to be selling off your own personal collection. You're selling some items on pre-order Spring 2024, how do you think you can claim that these items are part of your collection?

https://www.ebay.co.uk/itm/235464312425?itmmeta=01HSBXT1WFV9YBP7TEA364YTVY&hash=item36d2c44669:g:faw...

To be honest, you're the exact kind of seller that HMRC are hoping to scoop up in their net, and they'll likely look at your other eBay selling account and go back as far as they deem you to be trading. 

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@*vyolla* wrote:

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@diecast-madness-2 wrote:

And what about people that are clearing out collections, that have been collected over 40 years, and tax paid on all those purchases, why should we have to then pay MORE tax ?

---

Sellers wouldn't be taxed on their own personal items, but I'm assuming that you're not talking about yourself here?

You'd be classified as a business seller, no way can you claim to be selling off your own personal collection. You're selling some items on pre-order Spring 2024, how do you think you can claim that these items are part of your collection?

https://www.ebay.co.uk/itm/235464312425?itmmeta=01HSBXT1WFV9YBP7TEA364YTVY&hash=item36d2c44669:g:faw...

To be honest, you're the exact kind of seller that HMRC are hoping to scoop up in their net, and they'll likely look at your other eBay selling account and go back as far as they deem you to be trading. 

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I went into McDonald's the other day and they were selling off their personal collection of Big Macs.  Yes, they only possessed them for a fleeting moment, since the delivery arrived earlier that day.   Also, all the workers considered their job a hobby, so they were exempt from paying tax too!

[greatgiftshampshire]

What is the new computer system of HMRC?

Connect is a new social network analysis software data mining computer system developed by HMRC (UK) that cross-references business's and people's tax records with other databases to establish fraudulent or undisclosed (misdirected) activity. its run by AI and has a quick match method, conects up all Government dept such as, Land Registry, DVLA and so on, if you have an exspensive car and a nice house and your social media profile brags about wealth HMRC will know about it ........

Just putting that out there ...

[robbtyke132010]

Or Willie Carson...

[thetimetower]

Eh the ones panicking are the ones who haven't been paying any tax so ur post is redundant

[theelench]

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@kidmore_kats wrote:

I posted this originally on the Business Seller Board, but it might be more useful here.

https://www.bbc.co.uk/news/business-68606722

Brilliant timing

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Isn't it just!!

Only yesterday (can't find it today) I was reading on yahoo a report by a pensioners support organisation about the worrying increase in pensioners being given automatic fines for filing their self-assessment  tax returns late.  Mainly because (like I did) found the Govt. Gateway and and getting access to my HMRC Account an impenetrable maze.  I had no trouble doing the tax return, the problem was 'unrecognised' pass-words, frequent changes to 'security', all automated, all looping round and back to the beginning.

It seems it's not just ebay that likes adding penalties for failure to its revenue stream.  Any pensioner selling off a lifetime's collection will likely have no proof that they are not Trading.  They are 'requested' to file a tax-return,  if they're late, Ker-ching £100 penalty.  Get the figures wrong Ker-ching again, another £100 penalty for HMRC.  Probably netting more for HMRC than they would have paid in tax if  they had been trading, and certainly more than if, after reading the return, HMRC accepts that they weren't.

[jow1995]

jackstackcornwall appears to have closed his ebay account, " surprise surpise Cilla