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The Bay of E, well I never.

waisted skirt

waisted skirt

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Just reading some of the recent and upcoming changes the Bayvof E is making and came across info below. Dont really sell much on there but it surprised me never the less.

HMRC Reporting Threshold: The UK digital sales reporting threshold has been updated for 2026. If you have £1,707 or more in sales OR 30 or more transactions in the 2026 calendar year, eBay is required to report your data to HMRC.NI Number Requirement: Sellers exceeding these thresholds must add their National Insurance (NI) number to their account.
 
Ebay is a PITA. We use eBay to sell, all above board and registered with IR for tax, etc., so this doesn't affect us.
What does is that if we sell on my account as a registered business seller, I lose circa % in fees, etc. If we sell on my wife's account, the same product, same price, no fees.
Why be a business seller?
What is their logic in shafting folk who use their platform and generate them income?
I despise eBay, but the market is so big it's my biggest outlet.
 
This has been on the go for a few years. A YouTube channel my wife was friends with who were resellers got reported ,investigated and hit with a bill.

They apparently looked back all their videos on their channel as part of the investigation.

This lady has a few videos on it .

www.youtube.com

Michelle Eames - Helpbox UK

Subscribe! https://bit.ly/Helpbox_Subscribe I'm all about high-quality, expert knowledge-driven accounting advice for UK businesses! Our team at Helpbox UK specialise in providing a full range of affordable accountancy services to small businesses UK-wide. Book a free discovery call with a...
www.youtube.com www.youtube.com

Some who buy and sell airguns and other items had better hope they don’t make the forums report them also as some will probably get investigated if they do ;) .

Paypal send the info also .

Connect has changed how investigations are triggered. Where HMRC once relied on tip-offs or random checks, more than 90% of current enquiries are now prompted by data flagged through Connect.


Its sources include:


  • Tax returns and Companies House records
  • DVLA and Land Registry databases
  • DWP, the UK Border Agency, and other government bodies
  • Online platforms such as PayPal and cryptocurrency exchanges
  • Social media, Google Street View, and even flight data

If something doesn’t add up, Connect is likely to find it.

www.jondaviesaccountants.co.uk

Can HMRC Spot Income I Haven’t Declared? - Jon Davies Accountants

HMRC is using AI, digital platforms and new data powers to find hidden income. Make sure your finances are fully compliant in 2024 & beyond.
www.jondaviesaccountants.co.uk

That is why at least one member who made items for people on here was cash only .
 
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Yep been the case for a while. I had to submit my NI number to get paid. I've sold over £7k of items this year. Mainly expensive watches. Not much will come of it if it's stuff you genuinely own but HMRC will make sure you're not a trader.
 
JD grrr said:
If HMRC interested in profit then there will always be expenses to offset the profit.
Click to expand...
yep but they'll still want to investigate you and go through you with a fine tooth comb and make you have to clarify and justify everything 😤....
Imagine the people who change guns regular ie buy and sell, it will show up them as making x amount of sales in a tax year and that could instigate a financial inspection 😤
 
It's far easier and shorter to list what entities DON'T report to HMRC nowadays.
Add in all the cross-border reporting agreements plus AI driven targeting and you really can't hide from them.

As said most won't care as not trading for business or profit.
If anyone does get a letter from HMRC don't panic, it's usually a fishing exercise to catch people out. If you genuinely have nothing to self-assess you'll be fine.
 
bernie66 said:
Ebay is a PITA. We use eBay to sell, all above board and registered with IR for tax, etc., so this doesn't affect us.
What does is that if we sell on my account as a registered business seller, I lose circa % in fees, etc. If we sell on my wife's account, the same product, same price, no fees.
Why be a business seller?
What is their logic in shafting folk who use their platform and generate them income?
I despise eBay, but the market is so big it's my biggest outlet.
Click to expand...
Same.

We get charged for advertising. We get charged a %age of each sale.

We stopped doing overseas sales because even if you are not selling an item to an overseas buyer, you will still get charged for an overseas sale.
 
I'm just under £1500 for the year so far. Does this mean if I go over, I will receive a tax invoice, or will this come off my PAYE from my employer?
 
antsz said:
I'm just under £1500 for the year so far. Does this mean if I go over, I will receive a tax invoice, or will this come off my PAYE from my employer?
Click to expand...
You can only be taxed on profit if there is any. If the items you sell cost as much as, or more than you've sold them for, you won't be taxed.
 
nikvanorton said:
You can only be taxed on profit if there is any. If the items you sell cost as much as, or more than you've sold them for, you won't be taxed.
Click to expand...
Not for certain. A profit on personal items sold as collectibles etc can be assessed as having CGT liability and that has a 3000 pound tax free amount on any gains, not amount received. And therefore any losses can be offset. It can get a bit messy tho for second hand used articles.
 
Neil123 said:
It's a government department.
So,,,they will employ a few hundred people to administer this policy, spend a few million a year running it,,collect a few hundred thousand in tax then pat themselves on the back for a job well done 🤨
Click to expand...
Unfortunately they can now use AI bots to do this which costs them less than what it likely cost to employ 1 or 2 people and they can afford to be even more invasive, looking for patterns across your entire digital footprint they could never have afforded to do in the past
 
Davidpingu said:
Unfortunately they can now use AI bots to do this which costs them less than what it likely cost to employ 1 or 2 people and they can afford to be even more invasive, looking for patterns across your entire digital footprint they could never have afforded to do in the past
Click to expand...
It sets a dangerous precedent tbh.
On several occasions I've sold large quantities of stuff in a short period on eBay.
Never as a business, usually when clearing out a relatives home when they have past away.
So do I get taxed on that now?
I'm selling my own (inherited) property.
I get the logic of trying to stop off the books businesses avoiding tax, but is this resale tax being brought in by the back door?
Sell your car,, we'll take 20% of that thank you.
Have a clear out at home,, don't forget the government gets a cut.
Sell your stamp collection, coin collection etc, HMRC comes knocking.
 
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