NO LONGER SELLING DUE TO SIMPLE DELIVERY

[rugbyguy1960]

AS OF 15TH APRIL MY DAYS AS A PRIVATE EBAY SELLER WILL STOP AFTER 19 YEARS.

I AM FED UP OF THE GREED OF EBAY AND I HOPE OTHER EBAY SELLERS DECIDE TO NO LONGER LET THE EBAY CONTROL FREAKS HAVE THIS MUCH CONTROL OVER PRIVATE SELLERS.

[fatbob*ian]

Same here I created a listing (now in drafts) and was able to select custom postage and courier etc, tempted to go live with it and see what happens 🤞

[dion5feb2016]

Helpful info, thanks 😁

[dion5feb2016]

Please can you keep us informed , cheers 😁

[1956glyn]

I scheduled 4 listings recently and they were not covered by SD.  Went live and still as i listed them 🙂

[1956glyn]

All 4 were in the same category...i may test something else later in a different category 🙂

[fatbob*ian]

Will do, certainly looks like some listings are still exempt from SD.

[1956glyn]

What category were you listing in.....mine was jewellery costume and real silver.

IF i can find out what categories are not included then i will just list in them lol

[akemp1]

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@knightinarmour wrote:

total annul profit of less than £3000 - no tax

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Surely the trading allowance is still £1000 of revenue per tax year with only an aspiration to increase it to £3000 of revenue at some time in the future with various dates being suggested?

If it was £3000 of profits that would be around £10,000 of revenue depending on the margins.

[knightinarmour]

I was literally quoting Vinted’s own Legal advise on Tax and NI. It says:

“Is your yearly profit (capital gain) below £3,000? There’s no tax to pay.”

[lionbooks]

Not sure where 3k comes in. Quite clear on the Government site. Even a useful tool to help you.

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

[nothing.anymore]

Yes, that's the main bit on the gov uk page:

''If you’re selling personal possessions you probably do not have to pay Income Tax on these.''

''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.''

It's different if you are selling for profit.

[akemp1]

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@knightinarmour wrote:

I was literally quoting Vinted’s own Legal advise on Tax and NI. It says:

“Is your yearly profit (capital gain) below £3,000? There’s no tax to pay.”

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That advice doesn't look right/complete as they are generalising profits as capital gain.

Trading profit comes from trading activity ie buying with the intent to resell. For trading the allowance is £1k of revenue.

https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income#trade

Capital gain comes from just holding something for a long time that you didn't intend to trade but may have considered an investment. The capital gain allowance is £3,000 however it would only apply on the gain from selling personal possessions worth over £6,000, shares, property, etc.

https://www.gov.uk/capital-gains-tax/what-you-pay-it-on

[fatbob*ian]

I was selling off my eaglemoss Star Trek collection until the threat of SD came in so they came under collectables etc hope this helps.

[goodibags]

Yes, capital gains is another world. Once you're wealthy suddenly the income from sales no longer seems to matter any more. Only profit. Then again, you won't be using Ebay to shift those luxury yachts and surplus homes. 

[nothing.anymore]

Another thing selling on something like ebay as a private seller is that you might sell not only your own things, but sell on behalf of a friend or family member. I helped my partner to sell some of his unwanted things last year. He rarely uses ebay and it didn't look practical to go through all the seller registration process just to sell a few low value items that might not even sell in the first place. So anything I sold on his behalf added more to my sales total, despite the fact that I transferred to him the money we got after selling his things. But this is how private selling is. Now according to new rules we would have to have separate accounts and provide NI. 

[akemp1]

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@goodibags wrote:

 you won't be using Ebay to shift those luxury yachts and surplus homes. 

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For that you will need ebay's Supersized Delivery.

[*maetrix*]

You'll have to excuse me for being a bit thick (!!) but if we've already paid tax on our items when originally buying them,why are we having to pay tax on them again when selling them?

HMRC are onto a nice little earner here,aren't they ? (Rodders).

[aymanalvi]

Reality check, £6000 is not a lot if you sell alloys wheels of a lambo, few old iphones and say a Rolex you never wore that much. Thats your 6k limit gone. Less than 5 items. And non of these item are in the attic. Please explain how 6k in sales alot for everyone?

[dantwocats]

you only pay tax on the profit !

[jonatjonatjonat]

It's not £6,000 overall. It's £6,000 on a sale of an individual item (or a group/collection of items).

That being said, I would say the general consensus for the general public would be that if you are selling enough from stuff you have lying around the house to general £6,000, MOST people would consider that a lot of money.