Is it possible to suspend my listings once I reach my tax limit for next year without readvertising?

[jetuk]

Is it possible to suspend my listings once I reach my tax limit for next year without readvertising them all again?

I cancelled the listing s last year but they all disappeared after 3 months?

[Anonymous]

If you go into accounts and see your transactions, click on the item and list similar.

[vinylscot]

If you were just to walk away for nine months then your listings would disappear.

You could put a note in your diary to re-list them all, and then immediately cancel them all, every six to eight weeks, just to make sure they all stayed in your "ended listings".

However, I really don't think you've understood the tax situation. If you are just selling off your own personal items, (as you seem to be, although some may question why you have six copies of the same DVD set) there will be no tax to pay, even if you go over the thresholds.

Stopping selling won't mean you don't need to give eBay your NINO. The request for that will come in time; it's not dependant of selling a certain volume, and eBay will almost certainly stop you from selling if you refuse.

[wintersdawn1]

Example — selling unwanted items

You’re clearing out your attic and decide to sell your unwanted items using online marketplaces. None of the items you sell are worth more than £6,000.

It’s unlikely that you’ll need to tell us about this income or pay any tax, no matter how many items you sell.

https://www.gov.uk/guidance/check-if-you-need-to-tell-hmrc-about-your-income-from-online-platforms#s...

• If you are selling unwanted personal possessions such as old toys or clothes, this would not be classed as trading or miscellaneous income, and there is usually no tax to pay. In some circumstances there may be capital gains tax when selling valuable items such as jewellery, this is covered in our flowchart.

https://www.litrg.org.uk/news/selling-online-make-sure-you-keep-clear-records

Do I have to share information with HMRC?

From January 2024, new UK digital sales reporting rules require digital platforms like eBay to share information with them. However, this reporting doesn’t change your tax obligations.

On eBay, this should only affect newly registered accounts in 2024, which will extend to all accounts in 2025.

eBay will only report if you pass certain yearly sales thresholds:

• If your total sales on eBay exceed €2000, or roughly £1740, after fees.

• If you complete 30 or more sales transactions on eBay.

In general, selling personal items is not taxed if they’re below £6,000 and you’re not selling as part of a business.

https://www.ebay.co.uk/sellercentre/selling/selling-online-and-hmrc

[jetuk]

Didn't manage to find "Transactions"?

[suema_62]

Hasnt HMRC increased level of 'side hustles' to £3,000?

[minstrels-gallery]

I had about 20 items in my 'Drafts' folder where they can stay for (I think) 70 days, when they had been there for around 60 days I clicked on 'Edit' then 'save for later' and they were saved for a further 70 days.  I did this for several months but recently deleted them all due to Simple Delivery and the Buyer's Protection Fee which I am disgusted with!!

[papso22]

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@suema_62 wrote:

Hasnt HMRC increased level of 'side hustles' to £3,000?

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No they have not.