Just switched to Business Seller and it seems monthly insertion fees will ruin me.....HELP

[eppingauctionscom]

As a private seller I had about 8,000 seperate items listed, i only sell a small % of my stock so every month when my lots expire they are relisted.  As a private seller I was not charged for my lots continuing every month.  However now i am paying a 36p fee for each item when the month ends.  As I sell low value items this is completely unsustainble for me.  Not sure what to do, should i go back to being a private seller. Any advice much appreciated.

[cassidy_r_private]

"....sadly HMRC will only go back 20yrs for tax evasion. Not sure if they'll allow the cost of stock to be knocked off their calculations....."

They absolutely will not. To an extent, it can be revalued, but that will be very hard to argue if the sole aim is to make your unpaid tax problems go away. Overdraft interest will be allowable expense.

[banditfrenzy]

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@cassidy_r_private wrote:

Oh dear.

Converting taxable profit into stock does not make the tax liability go away, it just converts a current asset into a different form of current asset.

There's a consistent theme to your posts, ie, "the rules that apply to everyone else don't apply to me".

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Which seems to be a 'theme' that runs deep inside most of these moaners & whingers who are fixated on the recent changes on ebay & are upset about how it effects them. I don't think they can ever understand that it is they who are the problem, they are the ones who need to be fixed.

[mini-mooey]

Open a shop...if it's worth it! Presumably, you should have been a Business seller with 8,000 items for sale anyway. Not sure if swopping to a Business seller was the right move.  I have been trading for 20 years on Ebay Private sellers can now sell for nothing, virtually no Business now I have lost my livelihood!!