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bod emrys Avatar
8y, 9m agoPosted 8 years, 9 months ago
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bod emrys Avatar
8y, 9m agoPosted 8 years, 9 months ago
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(16) Jump to unreadPost a comment
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#1
Not sure to be honest.

Got the same sort of thing on mine, says to change passwords etc which I've done. I've got all 3 boxes ticked but it still says my account it limited. It's the real amazon site, not a dodgy phising site.



Have you got anything to hide? Do you buy and sell as a business? Wouldn't have thought anyone would be bothered unless you are putting huge volumes of money through. If you're only selling old junk then the tax man's not going to be bothered. If you're selling lots of new stuff then maybe.
#2
i had this, all you have to do is follow all the steps its just like what you did before to verify your credit card,bank account or address, a tip if you are going for the telephone verification be next to your phone because after 3 rings it cuts off
banned#3
Why not just provide the info so you become verified. Personally, I refuse money from non verified paypal members as sellers have no protection.

By all means, open a new paypal account but of course you will need a new email address and bank account too.
banned#4
bod emrys;1608543
Yes, I'm not worried about that bit - it's number 3, the business information that I don't like the sound of.
Just put sole trader which you are, unless you are a business.
banned#5
Provide Business Information - now this I do have a problem with - I am not a business and I'm loathed to give them any information incase it gets back to the tax man.


I don't understand the problem? If you aren't running a business then why would you be bothered about it getting back to the tax man?

csiman
Just put sole trader which you are, unless you are a business.


If he/she isn't running a business then putting down they are a sole trader will certainly cause problems
#6
honestly i think i put in a low figure like a thousand or eight hundred it wasnt that high cant really remember, it was a few months ago
#7
bod emrys
Because if I keep selling stuff at the rate that I have been, then a good few thousand a year will go through my account. Now that they want 'business info' I'm worried that the inland revenue will get wind of my little sideline.


If you are only selling stuff you no longer require then you have nothing to worry about, other than the tax man may require some proof of that.

If you are buying stuff to sell then you should obviously tell the tax man.
banned#8
bod emrys
Because if I keep selling stuff at the rate that I have been, then a good few thousand a year will go through my account. Now that they want 'business info' I'm worried that the inland revenue will get wind of my little sideline.


So basically you are fiddling the tax man?

In that case open a new account

If you are selling on ebay be aware the tax man takes an interest in sellers on there now too, who are obviously reselling for profit rather than just selling old stuff
1 Like #9
bod emrys
should ;-)


oh dear!

I would register if I were you. You can claim so much stuff back for tax that it shouldn't really cost you anything anyway.

Do you drive? Claim extra tax free allowance for use of your car for business purposes. I think you can claim an extra £5,000 worth so that should cover your profit shouldn't it?
1 Like #10
colinsunderland;1608673
So basically you are fiddling the tax man?

In that case open a new account

If you are selling on ebay be aware the tax man takes an interest in sellers on there now too, who are obviously reselling for profit rather than just selling old stuff



my mate works for HM Customs & Revenue and has just moved from the department that monitors eBay and other auction sites. they build up quite a porfolio before taking people to court, but trust me, if they notice you selling lots of stuff, it will flag up on their systems and they wil investigate.
alternatively, just declare your earnings, being extra sure that you include costs you incur (i.e. postage costs, wrapping, electricity, computer maintenance, heating etc) as you can offset some of these costs against tax.

if in doubt, see the Citizens Advise Bureau or look on the HM Customs & Revenue website
#11
If you are not a business, then I think you can just leave that section blank (it's been a while since I had to do it, so this may have changed).
#12
bod emrys
I'll look into it and see if it's worth while doing.
On the scale of ebay sellers, I'm small fry - not a power seller or anything like that, but it supliments my income nicely.
I just find that ebay and paypal are taking bigger and bigger cuts every year, I wonder how much will actually be left for me if the taxman wants his cut too.
I presume I'd have to pay tax on every penny I made through ebay (as in I wouldn't get an allowance that I could earn before paying tax) as I am employed too.


You'd get the same allowance as your employment, ie you've probably already used it up! Look into claiming tax allowance for using a car for business purposes. I think it gives you around another £5,000 allowance.

You only pay tax on your profits obviously so whatever you get at the moment you'd lose 20% of (unless you hit higher rate tax).

Like Papasmurf says, there are so many things you can claim against your profits so you can get them down lower even though you would've used some of the things, ie internet access could be claimed back but you'd have had it anyway so it's not costing you anything extra.
banned#13
From my limited understanding, you cant claim car use unless you are a registered company or self employed and the usage is for the business.
#14
csiman
From my limited understanding, you cant claim car use unless you are a registered company or self employed and the usage is for the business.


He's debating whether to register as self employed and works as a sole trader which could quite easily require use of his car.
banned#15
He has a full time job so can he be self employed as well?
#16
csiman
He has a full time job so can he be self employed as well?


Don't see why not, I'm part time employed and self employed.

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