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Old 02-17-2015
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Default new UK tax legislation

I just read it on Amazon

"Under new UK tax legislation, HM Revenue & Customs (HMRC) may, upon request, oblige Amazon to disclose to HMRC data we hold in relation to sellers with a potential UK tax liability. The data request may include seller contact information and transaction data. For more information, see http://www.legislation.gov.uk/uksi/2013/1811/contents/made."
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Old 02-17-2015
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Default Re: new UK tax legislation

This has been in place since 2013.
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Default Re: new UK tax legislation

It just cam up on Headlines on Amazon so I though its something new
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Old 02-17-2015
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Default Re: new UK tax legislation

Quote:
Originally Posted by Dawidck View Post
It just cam up on Headlines on Amazon so I though its something new
Shows you are reading
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Default Re: new UK tax legislation



I blame Amazon
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Old 02-17-2015
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Default Re: new UK tax legislation

If you had a Ghost Account HMRC wouldn't even know it exists as well. It would be worse if Amazon sent HMRC a list of every seller on there system
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Default Re: new UK tax legislation

This can happen anyway so pay your taxes and you have nothing to fear.
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Default Re: new UK tax legislation

Paying taxes on a stealth account? Is possible?
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Default Re: new UK tax legislation

Quote:
Originally Posted by siriuscat View Post
Paying taxes on a stealth account? Is possible?
Not only possible. Its a must
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Old 02-17-2015
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Default Re: new UK tax legislation

Quote:
Originally Posted by siriuscat View Post
Paying taxes on a stealth account? Is possible?
Its your personal income, so yes tax is payable. The money trail always ends at your bank account.
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Default Re: new UK tax legislation

I had a read through of the legislation, and it isn't clear.

Does this mean that HMRC will contact Amazon for information for a certain individual or does Amazon send HMRC info for every seller?
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Default Re: new UK tax legislation

Trouble is if your operating a "ghost" account but paying taxes they will search for the ghost details and no tax payer will come up and then the digging starts.
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Default Re: new UK tax legislation

Also means when submitting a UTR doc as proof of business, precautions need to be taken
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Default Re: new UK tax legislation

As I said before this has been in place since 2013.

Surely the same applies to Paypal etc.
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Old 02-17-2015
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Default Re: new UK tax legislation

Quote:
Originally Posted by blueuk View Post
Trouble is if your operating a "ghost" account but paying taxes they will search for the ghost details and no tax payer will come up and then the digging starts.
Yes, this seems a little strange to me also.

When Amz give out the info of the ghost account holder(s), it will not correlate.

I think this message put out there on the seller central message board is acting as a scare tactic for possibly larger sellers, because why would Amz feel the need to tell us about this, we all know this has been in place for ages?

Also remember that no tax is payable if your personal allowance is under £10,000 :

https://www.gov.uk/income-tax-rates/...and-allowances

Personal allowance - Wikipedia, the free encyclopedia
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Old 02-19-2015
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Default Re: new UK tax legislation

I am having an issue related to this

2 Amazon Stealth accounts after doing fairly well over the past 6 months have hit some sort of threshold, first they asked to see license and bill, but now one of the accounts amazon is insisting switches from:

Individual (not trading profesionally) to either Business (incl. partnerships) or UK Sole Proprietor..

So what do I do about this, I imagine I cant just pull a UTR number out of the air?
If I use my own UTR number all the accounts will then be linked I assume?
Do I contact my accountant and request multiple UTR numbers for myself?

Not sure what to do with this, didnt read that bit in Amazon stealth guide..

By the way no problem paying tax, just use stealth so I can sell on Amazon, they are a bit to trigger happy on suspending accounts and I learnt my lesson the hard way last year..
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Old 02-19-2015
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Default Re: new UK tax legislation

All sellers are having to go through this at some point.

Amazon have probably looked at your sales and know you can't be an individual due to the volume. That's why they want you to change legal entity.

You cannot obtain more then one UTR.

You've got to be creative.
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Default Re: new UK tax legislation

And who is the most creative contact, that one may purchase some creativity?
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