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EBay Asks For VAT registration
 

I really need advice from someone who has been in same situation as me.I have recently hit 85k rolling turnover and ebay have send me email to register for VAT to comply with law or they may suspend my account for further listings.It is my legit business account (not stealth) and i have been trading for more than 10 years.In the past years I hardly made over 30-40K turnover but this year has been good and i did 87K although my profit is no more than 20% of this figure .As soon as i got the msg from Ebay i have stopped all my listing and i am planning to stop trading untill my threshold go below 80K .Does anybody knows if this is going to work or I will be still asked to provide VAT registration ?
I did lots of research and I was thinking to open fresh Limited company with VAT registration but I still will not be trading for few months .I will just upload the VAT to satisfy EBay in case they block my account .After few months when my turnover fall bellow 80k I would close the limited company and de-register for VAT .Not sure if this is going to work so any advice from someone more familiar with this matter would be greatly appreciated .

Re: EBay Asks For VAT registration
 

Your account will be blocked now until you comply. Theres no 'turning back', so essentially you will a vat number to continue trading even if you sell nothing for a year. You can alternatively set up another account and use the same PayPal, but I wouldnt say this is a long term solution, but it works.

There are workarounds, but those that have found them will keep them to themselves as the knowledge is far too valuable to share openly.

Re: EBay Asks For VAT registration
 

If you want to save your ebay account I would do this. As it's your legitimate account with real details you will want it for future use rather than have it sit idle and restricted from listing items especially with ebay managed payments on the horizon.

The work arounds are setting up stealths but that involves time and money and patience. And at the moment people are not having a lot of luck doing it.

Re: EBay Asks For VAT registration
 

If you want to save your ebay account I would do this. As it's your legitimate account with real details you will want it for future use rather than have it sit idle and restricted from listing items especially with ebay managed payments on the horizon.

The work arounds are setting up stealths but that involves time and money and patience. And at the moment people are not having a lot of luck doing it.

Re: EBay Asks For VAT registration
 

Theres far more workarounds for getting rid of that VAT flag,but its definitely never going to be discussed on an open forum.

However with MAnaged Payments soon to be, new accounts are going to be fun thats for sure!

Re: EBay Asks For VAT registration
 

Thanks to all that replay .I probably didn't mention that my ebay account is not blocked as yet .I have several listings which are put on holiday settings and account is still running fine ,no more ebay messages regarding VAT

Re: EBay Asks For VAT registration
 

Your account remains that way, you cant list, nor sell. You will have a big red box comes up stating your HMRC obligations when you try to add quantity, or create new listings. It is effectively blocked till you comply.

Re: EBay Asks For VAT registration
 

I have tried to list an item today just to check if my account is already restricted and yes ,message popped on screen that I need to provide VAT .I haven't traded for over a month and my threshold went under 85k.
I have received private msg from this forum member with very useful info regarding VAT but I am not able to replay to him and ask few more question as it says I need at least 25 posts to be able to .Is there any way I become a member of a private forum ?

Re: EBay Asks For VAT registration
 

How do i get access to these workarounds you mentioned below and where these are discussed ?I would like to become private member


QUOTE=Pathos;1096402]Theres far more workarounds for getting rid of that VAT flag,but its definitely never going to be discussed on an open forum.

However with MAnaged Payments soon to be, new accounts are going to be fun thats for sure![/QUOTE]

Re: EBay Asks For VAT registration
 

[/QUOTE]

It will no doubt involved providing a made up VAT number and made up information. But then your account becomes a ticking time bomb until you are caught out.

Best thing to do is leave it dormant for a few months, wait until you are fully under the threshold get on to ebay on the phone and tell them to lift it as you have discussed with your accountant that you don't wish to become VAT registered. They should lift it.

Re: EBay Asks For VAT registration
 

[quote=james_112233;1102383]Nothing like this at all. That wont work at all.

Re: EBay Asks For VAT registration
 

Open the second account and split the turnover. The law says you should be registered for VAT but if they send it to you just begore april I would not apply

Re: EBay Asks For VAT registration
 

Nope, there are alternatives, but you can go down that method as a plausible option.

That option you will need to show why your VAT next year will be less for example, this year you could say the items you sell sold quicker because it was in demand during lockdown (masks for a example). You would then deregister for VAT and have proof to show eBay.

Re: EBay Asks For VAT registration
 

Yes, turnover.

eBay definitely won't back down, thats true, and there is indeed a way hence how I got myself out of the shizzle last year.

You can register and then deregister for VAT which eBay seems to like (not my method), but it can take months to sort.

Re: EBay Asks For VAT registration
 

Actually register for vat its not hard and you have to do it legally anyway if you have gone over the threshold

You get to back claim a lot of vat for items you have purchased in last 6 months and stock still held.
Then you can give a genuine vat number to eBay and everyone is happy.

After a quarter or two if you have lowered your sales you can deregister with hmrc. Dont have to tell ebay that, they stay happy.

Re: EBay Asks For VAT registration
 

How come? Do they continuously check the vat number?

Re: EBay Asks For VAT registration
 

I have several companies some of which are vat registered. No need to get so touchy.

I mean from ebays point of view, obviously don't start giving vat invoices to ur customers, altho I'm sure many sellers do that when asked for one!

Re: EBay Asks For VAT registration
 

Does somebody knows if I remove my VAT number on eBay will they ask me for de-registration documents or for the reason i remove it .I will only remove it when I am well below to the threshold

Re: EBay Asks For VAT registration
 

I'm more than happy to be corrected if you could please explain what I've got wrong

Re: EBay Asks For VAT registration
 

Why? That's the whole point of this discussion. What happens if you don't? Do they regularly verify the vat number?

Re: EBay Asks For VAT registration
 

You're really gonna have to elaborate on specifically what the implication is for failing to notify eBay that you are no longer vat registered.

As I said in a previous post, I'm not referring to giving buyers vat receipts or claiming any vat back from anybody including eBay.

Re: EBay Asks For VAT registration
 

Cos u can't. Talk about a time wasting troll

Re: EBay Asks For VAT registration
 

But ur the one who can't back up what ur saying. I'm happy to be proven wrong cos I don't wanna end up in a pickle myself!

Re: EBay Asks For VAT registration
 

Wow. U really can't take being wrong can you. Every post I've seen of urs is putting someone down. Shame on you.

You wouldn't even bother telling most creditors that u are vat registered never mind telling then you no longer are. As far as I know ebay just want ur vat number once u reach the threshold to ensure uve registered. This in no way affects ur vat submission or lack of one when uve legally deregistered. Op is going to go back below the threshold by holding back on sales, so is likely to be accepted for deregistration.

But why does ebay NEED to know this? Whats gonna happen if you don't tell em? How is this illegal??? What bearing does it have on hmrc? If you do tell em it's just another can of worms to open. So I think its in the interests of this forum if you share your reasons so we can all make an informed decision.

Re: EBay Asks For VAT registration
 

Still waiting for the correction. You just said I was stupidly wrong and cannot back it up. At least I was trying to help the guy.

At the end of the day we're all here to learn and help one another. If i have said something completely wrong I expect to be corrected. But I don't believe I have got it wrong, you flatly refuse to substantiate ur claims and now ur just trying ur hardest to save face, not really in line with the spirit of the forum .

As a senior member you should care for and nurture the noobs, not belittle them every chance you get.

Re: EBay Asks For VAT registration
 

Lol I've given plenty of posts to explain my answer.

You obviously realise you're either wrong or have misunderstood the specifics of my question.

I've been a member of this forum for many more years than you have. I hope your not representative of it going downhill.

I'm no longer replying to someone who wants to be so petty. Good day.