Originally Posted by Cosworth Rallyesport
Originally Posted by rssteve
Originally Posted by Cosworth Rallyesport
if you are running a business why are you registerd as a private seller?the tax man will ripp you a new arsehole if your not carefull....
since when did you have to register on ebay as a business if you are. I have 2 user names on there, the first was before they introduced that option, and the second i am registered as private seller. I still pay tax for my business, i also don't have a business account as only having a turnover of 50k i see no point in paying to recieve cheques etc, so i use a current account. The tax man has no problems. You are supposed to have the registered address desplayed tho but i don't fancy putting my home address on ebay for anyone to see.
the inland revenue have been running a programme on ebay for two years now,i know a few lads who have had a rude awakening,two of which are currently doing 36 months and have lost houses.if your running a legitamate business get it registerd and above board,the days of hiding it are long gone,just friendly advise.
Tim
I also know somone who is now shitting bricks due to selling quite a bit of stuff on fleebay and is now having to justify his earnings to the ever understanding tax office
About time they started looking into ebays tradings
