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Posted 21 hours ago
Ebay fees has it gone for so.e sellers?
I see this on my ebay page
"There's no new 'side hustle tax'!
We want to give you peace of mind that there’s no new ‘side hustle tax’ or a change to existing tax rules for selling online.
In general, selling personal items is not taxed if they’re below £6,000 and you’re not selling as part of a business."
So does that mean myself who sells now and again can sell my stuff as long as it's under £6000. I won't pay any fees? That can't be right. Or am I misunderstanding it. Please could someone help with this. Thank you
"There's no new 'side hustle tax'!
We want to give you peace of mind that there’s no new ‘side hustle tax’ or a change to existing tax rules for selling online.
In general, selling personal items is not taxed if they’re below £6,000 and you’re not selling as part of a business."
So does that mean myself who sells now and again can sell my stuff as long as it's under £6000. I won't pay any fees? That can't be right. Or am I misunderstanding it. Please could someone help with this. Thank you
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10 Comments
sorted by"Grace, Manchester Grace sells old clothes to make space in her wardrobe. Even if she sells a lot of her old or unwanted clothes, she isn’t trading and sells her old clothes for less than she paid for them, so there is no tax.
Annual eBay sales: £420
Annual eBay profit: £0
Taxes owed: £0"
So you do still pay fees. It's just made out that you don't. Sneaky sneaky
It will be somewhere on your selling page if you also have it.