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- - Going above the yearly threshold. eBay UK (https://www.aspkin.com/forums/ebay-discussion/146721-going-above-yearly-threshold-ebay-uk.html)

matanasow25

02-01-2022 06:57 AM

Going above the yearly threshold. eBay UK

Has anyone gone above the yearly threshold, while selling on eBay UK?

What happens then?

I know that you can be completely stealth selling 75k a year and have no obligations to file and account for VAT and you don't need an LTD and all that legal stuff.

But what happens if you go above 75k a year?
Will eBay request something?
Will your account be at risk in any way?

Does anyone have experience with this?

SaiJin

02-01-2022 12:54 PM

Re: Going above the yearly threshold. eBay UK

You just have to pay taxes, they'll send you tax form every year cycle

Hank	02-01-2022 01:07 PM

Re: Going above the yearly threshold. eBay UK

Quote:

Originally Posted by SaiJin (Post 1183657)

You just have to pay taxes, they'll send you tax form every year cycle

If you are required to register for VAT it has to be paid electronically every three months.

Hank	02-01-2022 01:09 PM

Re: Going above the yearly threshold. eBay UK

Quote:

Originally Posted by matanasow25 (Post 1183633)

Are you a UK citizen with your stock in the UK? Where did you get the 75K figure from?

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