Ebay Users To Pay Tax - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

Ebay Users To Pay Tax

pavilion Avatar
9y, 5m agoPosted 9 years, 5 months ago
I suppose some people make a living from it so...

http://www.blogherald.com/2007/02/26/irs-wants-ebay-to-disclose-user-earnings-for-tax-purposes/

They will not be get a penny out of me cos i dont use crap bay :whistling:
Other Links From eBay:
pavilion Avatar
9y, 5m agoPosted 9 years, 5 months ago
Options

All Comments

(17) Jump to unreadPost a comment
Comments/page:
#1
"Government wants to tax sellers who make at least 100 transactions or $5,000 annually from eBay"

laters, thats £2500 a year so under £50 a week. don't paypal tax users enough already?

what next, detailed accounts from all prolific car boot traders? doubt it!
banned#2
Paypal don't tax users, paypal charge users.
#3
Misleading title.
This is ebay.com (USA) NOT UK.
#4
Surely it won't apply to people selling 2nd hand stuff as tax has already been applied, If US implement this it won't be long till UK follows.
#5
looks like thats in america,having said that probably expect it some time soon over here.
How can they tax you on your own belongings though.Where does the profit margin start and end if your clearing out your own things!
Plus one car your over the amount!
I think this is naughty as everything secondhand has already had tax paid on it.
#6
dinosteveus
Misleading title.
This is ebay.com (USA) NOT UK.


they r doin it to the uk this year m8 :whistling:
#7
I was always fairly sure that if you're ebaying or car-booting & ONLY selling items that you no longer want then it's not taxable but if you're buying to sell on then the profit is (strictly speaking) income taxable?!?!?

Steve...do you know roughly what % of powersellers & ebay shops are VAT registered?
#8
tax/charge, same difference - all boils down to greed really.

i would have thought they could only tax a second hand good if you bought it explicitly to resell! well common sense would say that but i guess not judging by the article
#9
I think it will only be for new goods that you would be expected to pay tax on. I work in commercial finance and goods that have been used have already had the tax paid for by the initial owner of the goods. After that, the goods are no longer taxable when they are sold on.

The only way goods are taxable when they are second hand is if the asset has been used solely for commercial purposes by the previous owner.

But hey, what do I know? If the government want your money, they're going to get it somehow!
#10
pavilion
they r doin it to the uk this year m8 :whistling:

Sure :giggle: :giggle:
Back up that statement.:giggle: :giggle:
#11
CHARLIETHIRTYTWO
I was always fairly sure that if you're ebaying or car-booting & ONLY selling items that you no longer want then it's not taxable but if you're buying to sell on then the profit is (strictly speaking) income taxable?!?!?

Steve...do you know roughly what % of powersellers & ebay shops are VAT registered?
No, not sure but I'll post a question on the PS Board, I don't think anybody will respond.:-(
[admin]#12
Surely if you're selling goods you've previously purchased, you've already paid tax on it??
#13
juliet_bravo
Surely if you're selling goods you've previously purchased, you've already paid tax on it??



Income Tax is not the same as VAT.
[admin]#14
stora
Income Tax is not the same as VAT.



:giggle: sorry... blond moment :thumbsup:
#15
juliet_bravo
Surely if you're selling goods you've previously purchased, you've already paid tax on it??



In short if you make money, you should declare it to the IR. If tax has already been paid or not.
#16
juliet_bravo
:giggle: sorry... blond moment :thumbsup:


Oh no. Not another closet blond. :)
#17
juliet_bravo
Surely if you're selling goods you've previously purchased, you've already paid tax on it??


I thought the same, You're paying for goods with money thats already been taxed (if ebay isn't your only source of income that is) :)

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!