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EBay Traders and HMRC
Topic Started: Dec 10 2015, 01:47 PM (847 Views)
Phild
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Masters Card
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About time to be honest, too many avoiding tax to take themselves on a nice holiday each year.

As for the VAT its not hard to hit that threshold.

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Phild
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I think there is a difference though between people like yourself who buy them, complete the set and then sell the rest to make your money back and the ones who constantly restock and purely sell to make an extra few quid every week.

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Phild
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My tax bill for the past year was more than enough to keep them happy :crying

I think if you're doing it right as a legit trader then you have nothing to fear, they're welcome to see my books anytime. I have receipts for everything and as i'm strictly online then theres no cash payments going in and out either.

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Phild
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ofb1988
Dec 11 2015, 10:25 PM
What is the actual limits before tax kicks in? I think I've made 3k one year then really under 1.5 the last 6 years. I only really sell off the odd card here and there and Xbox games I don't play. Tbh I thought as its like my personal things it was OK. I do have thousands of base cards that I was gonna list in smaller lots but a bit wary now lol.
If you're selling spares or selling your own collection off then I doubt you have anything to worry about. Its more if you are buying to sell for profit on a regular basis.

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