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NextRSSPreviousSocial Forums > The Hinckley Arms > Is there no depths the government will not stoop!
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Exuptoy
Maesteg, Mid Glam,
United Kingdom

Premier Member
Posts: 15,280
Daytona 675


icon15 Mar 2018 22:10
The w!$%ers are going to try and charge tax on ebay sellers now!!!! Like people don't pay enough fees to ebay directly already!!!

https://www.telegraph.co.uk/tax/news/hmr...
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Mustapha Dump
South East,
United Kingdom

Posts: 6,536
Enthusiast


icon15 Mar 2018 22:29
That'll just spell the end of Ebay I reckon...
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Exuptoy
Maesteg, Mid Glam,
United Kingdom

Premier Member
Posts: 15,280
Daytona 675


icon15 Mar 2018 23:13
Silver lining and all that!:lol:
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Gladtobebackontwowheels
Dover, Kent,
United Kingdom

Premier Member
Posts: 3,030
Daytona T595


icon16 Mar 2018 07:41
To be fair they are not talking about the vast majority of us who simply sell a few bits now and again. They are after the folks who are running businesses through E-Bay and the likes and they should be paying tax on their income the same as the rest of us do.
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russ999rocket
Swine Town,
United Kingdom

Premier Member
Posts: 2,581
Tiger Explorer


icon16 Mar 2018 07:45
Gladtobebackontwowheels:
To be fair they are not talking about the vast majority of us who simply sell a few bits now and again. They are after the folks who are running businesses through E-Bay and the likes and they should be paying tax on their income the same as the rest of us do.


PTB won't be happy!

/media/file/129772.aspx
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Exuptoy
Maesteg, Mid Glam,
United Kingdom

Premier Member
Posts: 15,280
Daytona 675


icon16 Mar 2018 09:09
Fair comment Rich but I have sold £460 worth recently after having a sort out of the s!$% in the garage. Most of which I purchased in the first place from eBay or forums to replaced on various bikes. Stuff like a Cush drive after relieving it of the Renthal rear sprocket.
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Nice n Fat
Wilts, Berks & Hants,
United Kingdom

Premier Member
Bonneville (01-08)


icon16 Mar 2018 09:20
They're only after people who are using e-bay like a business but who are not paying their taxes :thumbup:
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Mach 1
Durham,
United Kingdom

Posts: 1,113
Bonneville (01-08)


icon16 Mar 2018 09:26
Gladtobebackontwowheels:
To be fair they are not talking about the vast majority of us who simply sell a few bits now and again. They are after the folks who are running businesses through E-Bay and the likes and they should be paying tax on their income the same as the rest of us do.


+1:thumbup:
I can't see it being aimed at the average punter .

Exuptoy:
Fair comment Rich but I have sold £460 worth recently after having a sort out of the s!$% in the garage. Most of which I purchased in the first place from eBay or forums to replaced on various bikes. Stuff like a Cush drive after relieving it of the Renthal rear sprocket.


It's not going to affect you in that respect . They would be opening a can of worms by taxing everyone for all goods , especially second hand . For instance , if you bought something a couple of years ago and sold it now at a loss then you potentially would be liable to a tax rebate from any tax you had paid from other earnings .
HMRC aren't going to like that
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Nice n Fat
Wilts, Berks & Hants,
United Kingdom

Premier Member
Bonneville (01-08)


icon16 Mar 2018 09:50
Mach 1 :
It's not going to affect you in that respect . They would be opening a can of worms by taxing everyone for all goods , especially second hand . For instance , if you bought something a couple of years ago and sold it now at a loss then you potentially would be liable to a tax rebate from any tax you had paid from other earnings .
HMRC aren't going to like that


Now that would be funny :lol:
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Rob NMTB
Redditch,
United Kingdom

Premier Member
Posts: 54,459
Speed Triple 1050


icon16 Mar 2018 10:36
:lol:

I could make a fortune, the losses I've made buying any old sh*te off e-bay:lol:
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Baldbloke
Moray,
United Kingdom

Posts: 3,131
Daytona T595


icon16 Mar 2018 11:22
Not so good:thumbdown:


"When is a hobby actually a business?
You might think that selling second-hand items and crafts online is a hobby, but the taxman will class you as a business if it can prove you are doing “anything in the nature of trade”.

If you collect items and resell them in a short period of time, or sell home-made crafts online, you could be classed as a business."
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Mach 1
Durham,
United Kingdom

Posts: 1,113
Bonneville (01-08)


icon16 Mar 2018 18:05
Rob NMTB:
:lol:

I could make a fortune, the losses I've made buying any old sh*te off e-bay:lol:


:lol::lol:
Me too :thumbup:
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Gladtobebackontwowheels
Dover, Kent,
United Kingdom

Premier Member
Posts: 3,030
Daytona T595


icon16 Mar 2018 19:34
Baldbloke:
Not so good:thumbdown:


"When is a hobby actually a business?
You might think that selling second-hand items and crafts online is a hobby, but the taxman will class you as a business if it can prove you are doing “anything in the nature of trade”.

If you collect items and resell them in a short period of time, or sell home-made crafts online, you could be classed as a business."


If you do it regularly and continually, (and earn more than £2000 a year), then I'd say you should be.
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