10-03-2025 3:50 PM
Hi all
This may have been asked but I haven't found it
So, the value that Ebay provide to HMRC as "profit" I guess(?) for any individual
Is that "Profit" the same value that Ebay tell you you have "Earnt" from any individual sale?
SO, I sell a toy for £5 and pay £3 post - total £8 (But Ebay now charge the extra 75p+3% for "Buyer protection - which means Ebay hold MY money for a few more dats to grab a few extra pennies in interest cos they are hard up! - just say its another money making scam we have obliged you to use and stop lying to us!!)
EBay charge me 13.9% fees on that £8 INC the £3 post even htough this is NOT Profit
They also quickly forget that the "profit" they tell me in fact has NOT YET had the postal costs removed
so, for this example, Ebay say I earned £11 minus 13.9% which I think is about £1.59 so my profit is calculated as £9.41 - is THIS the value they send to HMRC?
In fact, I paid £3 post so my PROFIT is actually £6.41 less whatever the original cost was for the item
Who is going to sort all this mess out?