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Re: HMRC reporting of 2024
 

We know eBay are sending HMRC the following

Name
Date of birth
Address
NI number
Account number

I assume they will send invoices on your sales as well. But will they send the products you’re selling as well?

Re: HMRC reporting of 2024
 

Name
Dob
Address
UTR, NI or Company number
Details of the bank account that deposits are being paid into

Quarterly reports of how much paid and number of items sold

I don't think they will be showing eBay listings but if HMRC wanted to investigate they could. I would assume they will match your turnover reported by online marketplaces to the turnover you are declaring which will flag up where an actual agent will take a closer look. If they see thousands of feedback from the past of similar items they may go back several years during a tax investigation.

Regarding stealth even if the account info is wrong. You would be using a real bank account details that would go to HMRC. What work around is there for a bank account ? Someone said revolut and VBA what is that ?

Re: HMRC reporting of 2024
 

So you're saying create dozens of accounts, with stealth info and savers accounts attached and rotate them and stay under the £1750 / 30 item threshold ? All of these accounts will need a NI number attached at some point even if eBay are not collecting it now so it may be a wasted effort.

Re: HMRC reporting of 2024
 

Yes correct that’s what I’m doing.

You will only have to submit info to eBay if you pass the threshold so if your below the threshold then you won’t have have to submit anything only if you go pass it.

Re: HMRC reporting of 2024
 

What about suspended accounts? Surely they won’t collect information from suspended accounts?

This is why I never have one account. I lost a few accounts last year so they’re fine as that’s before this year.

Is it last years tax being submitted to HMRC 2025? Or this years tax 2024 submitted to HMRC 2025?

Re: HMRC reporting of 2024
 

I believe its 2023-2024 Tax that will be submitted.

Re: HMRC reporting of 2024
 

I’m not sure if it’s January 2024 which will be sent in January 2025 as if it was 2023 that will be sent this year. I found this on the website. I’ve stopped selling on one account going to leave that one alone now.

Reporting to HMRC

Starting January 2025, eBay will begin annually reporting to HMRC. Each January we will report for the previous year and provide a copy of the reported data for your review. Should you meet either of the thresholds described above, the following information will be shared with HMRC:

Individual sellers (including sole traders) Registered companies and partnerships
Full name Business or legal name
Primary address Primary address
National Insurance (NI) Number
Company Registration Number (CRN) for a registered company, Limited Partnership and Limited Liability Partnership
Unique Taxpayer Reference (UTR) for a General Partnership (Partnership)
VAT identification number, where applicable VAT identification number, where applicable
Total number of transactions and total amount paid or credited to the seller during each quarter of the calendar year, excluding*:
Fees paid to eBay
Refunds or cancelled orders within the reporting period
VAT collected by eBay
* Consequently, the amount eBay reports may differ from the total amount of payments you actually received from eBay.
Total number of transactions and total amount paid or credited to the seller during each quarter of the calendar year, excluding*:
Fees paid to eBay
Refunds or cancelled orders within the reporting period
VAT collected by eBay
* Consequently, the amount eBay reports may differ from the total amount of payments you actually received from eBay.
Total of fees, commissions or taxes withheld or charged by the platform during each quarter of the calendar year Total of fees, commissions or taxes withheld or charged by the platform during each quarter of the calendar year
Number of the bank account to which sales proceeds were paid or credited Number of the bank account to which sales proceeds were paid or credited

Re: HMRC reporting of 2024
 

It's all of 2024 data to be sent January 2024.

And UTR Number isn't part of the required info.

Re: HMRC reporting of 2024
 

there seem to be people here discussing the same thing over and over again for the sake of discussing although it has already been cleared up

2024 data for sellers registered 2024 will be reported january 2025

all other sellers either january 2025 or january 2026 as grace period exists

Re: HMRC reporting of 2024
 

I cant believe how complicated it is. So January 2024 sales will be reported in 2025 or 2026. So if I go over the threshold this year and my info is passed on. They will only haves sales info from 2024 starting from January? So I have made 0 sales in 2024 and want to register for self assessment will I be registering for 2023/24 sales?

I honestly feel stupid even writing this, so much mixed information around

Re: HMRC reporting of 2024
 

It’s confusing for a lot of us! My brother was saying it’s April 2023 to April 2024 to be reported January 2025.

We just all want to get this right with this new change happening.

Re: HMRC reporting of 2024
 

Thats exactly what I have read which would make sense? January 2024 onwards..threshold is hit! Automatically info gets passed over and they would see your sales from April 23-24? It doesnt make sense for them to go off January 2024 sales because the tax year wouldn't have finished until April 2025 Unless they start contacting us all after April 2025? Honestly at this point im not sure if I even care anymore 😂

Re: HMRC reporting of 2024
 

it is not a tax year but a calendar year , it is not a tax return but a simple report , it is questionable what it means as hmrc have had access to ebay data for years anyway , seems to me like the whole thing was just forced on everyone from abroad as it was created and decided to implement elsewhere , it is especially the EU that was pushing it

since ebay already started serious verification 2-3 years ago it is unlikely there will be major changes as most measures demanded by these reports have already been taken due to move to MP

I expect less changes for ebay sellers but more for those on smaller marketplaces that remained under radar for years

Re: HMRC reporting of 2024
 

threshold must be hit between january and december of previous year

april does not play any role , it is for tax returns only , this here does not have anything to do with tax returns

reports are regularly sent by banks , insurance companies etc. , in some cases it leads to investigations , for example your cash purchase of a mercedes of 60K may become a problem if you officially earn 800 per month

Re: HMRC reporting of 2024
 

Thanks for making everything clear I’ll make sure each account is below the threshold. One account this year has reached the threshold so I’ll stop that one now and move on to the next one. Good luck everyone.

Re: HMRC reporting of 2024
 

Appreciate the info aswell! Just curious if anyone is going to carry on as usual particularly those only making a small turnover? (3-4k a year personal/sole traders) or is it best to register for self assessment? If I was making £10-20k a year id understand registering, but I sell such a small quantity of items a year and such a low turnover. I agree id like to think nothing much will change with eBay and carry on as usual seeing as they've had info for years anyway. Or should I essentially just fear the worst and take all precautions and register for self assessment. My items are 20-24 items a year roughly around £250 each per item and all used. Sometimes I can go months without selling anything. I feel sorry for personal sellers who will get caught up in this mess if every single person will be looked into selling more than £1,750 a year.

Re: HMRC reporting of 2024
 

If you’re only making £3-£4K a year why don’t you open a couple more accounts and just stay under the threshold of £1750 on each account?

Re: HMRC reporting of 2024
 

In all honesty Im out of the loop with stealth now and never fully understood the ins and out only the basics. My accounts were purchased from sellers on this forum when my accounts got banned back in 2011. However, when MP hit i changed my details slowly over time to genuine. I only had stealth because my accounts got banned I’ve never ran a business, I've always been a personal seller who has offloaded some expensive sound equipment, some designer wear, records etc. I confess some things I have purchased and sold for a small profit on here but who hasn't done that?

But to answer your question opening accounts I wouldn't even know where to begin anymore!

Re: HMRC reporting of 2024
 

The basics are still required to open stealth accounts.

1) New user account
2) New Ip
3) New email
4) New phone number
5) New bank account
6) New name
7) New address

That’s the easy part. Then you need to pass restrictions. Which is complicated if you haven’t done it before but it doesn’t cost a lot to create a new account.

When you get restrictions just use the forum and experience members will help you to over come them.

Most of us on here have never put the right amount of earnings down on eBay which is why this post is still active as most of us will need to change our business going forward.

Re: HMRC reporting of 2024
 

people selling 2K-3k per year can not pay much tax , they do not owe VAT , any tax due here would be minimal , even if these 3K would be pure profit the tax would be a few hundred at best , you think HMRC are crazy? they will let go people owing large sums and try to hunt down small fish with empty pockets instead , many of whom would not even have the money to pay the tax?

Re: HMRC reporting of 2024
 

I’ve got a question… If you’re not working in a job and eBay is your income. Your making £3-£4K a year your young still living with parents or whatever the circumstances might be surely you wouldn’t pay anything as the tax threshold is £12570 anyway.

On 3 or 4K net profit from eBay and if your working in a day job then you will have to pay 20% of that profit so around £600 it’s not a lot 2bh.

Would be interesting to know what Tom’s circumstances are.

Re: HMRC reporting of 2024
 

the 12K threshold is valid for all UK residents , in theory if you have a high income elsewhere but sell on ebay as well you could be liable for a high tax rate but again selling 4K a year likely means that your profit is low , if it is 2K I doubt anyone will care anyway , I bet they will be primarily looking into sellers liable for VAT as it is due regardless of any profits and is determined by location of buyers

Re: HMRC reporting of 2024
 

Thanks for this as one of my accounts has hit 2k without me realising it. I’ve stopped on that one now.

Re: HMRC reporting of 2024
 

So eBay will require all sellers to update their accounts with a NI number by 2025? Or there about

Re: HMRC reporting of 2024
 

All marketplaces will

Re: HMRC reporting of 2024
 

Yep very soon on the website there will be an option where you have to put your NI number in to continue selling.

It’s been mentioned if you create new accounts you won’t be able to sell above 2000 euros or £1735 and no more than 30 sales if you cross this bench mark your be asked for NI number.

When will my details be shared with HMRC? Sellers' transaction data will only be shared when certain thresholds are met. Those who complete 30 or more transactions per calendar year, or make more than €2,000 (£1,735) a year in sales will see their data shared.

Found this on google.

What do eBay sellers need to do?
New eBay sellers will be required to share tax information, which the company is then required to report to the Government. For individual consumer sellers, this will be their National Insurance number.
By January 1 next year, all existing individual sellers will also need to update their profiles to include a NI number for the same purpose.

So get creating accounts now before it all happens.

Re: HMRC reporting of 2024
 

Yeah, High volume sellers would need to create ALOT of accounts to circumnavigate

Re: HMRC reporting of 2024
 

Indeed, for most it's going to be an completely impractical proposition.

Can you imagine creating 40 accounts per year for the rest of your days just to fabricate a 'selling allowance' of 70K which even then will only allow you to generate a net profit/income sufficient to keep your head above water.

To make anything resembling a comfortable living you could be creating two accounts per week forever.

Nope, it's simply not a practical proposition, you'll either give up, go mad, or get caught out.

The way forward is to create one selling account (or as many as you can with the genuine NI numbers you have legitimate access to) and look after it, for good quality sellers it could be said the future looks bright.

All that said, I have seen it written that selling platforms will not be required to validate NI numbers just that it is of a valid format. A potentially dangerous game to play but a possible 'out' for those who simply don't care about any repercussions from HMRC down the line.

I guess we'll just have to wait and see how it all pans out.

Re: HMRC reporting of 2024
 

Will literally ALL online selling platforms be required to ask for the NI number? What about tiktok and those type of platforms and such?

Re: HMRC reporting of 2024
 

all uk platforms will be asking for NI number , foreign platforms will not but this only applies to those that do not have any representation in the uk

Re: HMRC reporting of 2024
 

Has any one actually been asked to put a NI number in yet ?

I'm pushing a lot of items through one of my private accounts to trigger it. Nothing as of yet.

I'm going to eventually miss taking advantage of the 80% off fees offer. So sick of paying ebay their extortionate fees through my normal business accounts.

Re: HMRC reporting of 2024
 

NI may not be asked for this year , they have one year grace period anyway

but once they ask it will likely be just a red banner with a window to enter the number , once entered it will be done

Re: HMRC reporting of 2024
 

Im baffled by this post...HMRC have always been able to check bank accounts for tax evasion. This is why I registered for self assesment from the very start when I started selling 16 years ago.
I dont understand then why it needs ebay to post information to it, and I thought it already did this for high volume selling accounts.

I do have some stealth accounts for family members linked to my real bank account. So could I get them done for tax evasion? Or can I show HMRC its going into my bank account and Im registered to pay tax. i see so many people on ebay using their partner's accounts it seems common enough.

Surely also people who have private accounts would be being asked for NI numbers routinely by now with such a low bar (30 sales per year)

Re: HMRC reporting of 2024
 

it is a requirement from outside , decided abroad. how it will be used here is unclear , the main party pushing it is the EU as they are going to go hard on local online sellers

Re: HMRC reporting of 2024
 

At the moment they need a trigger to investigate, something to warrant an investigation. It would be unrealistic to assume everyone was a tax evader and trawl millions of bank accounts. Ebay providing sales figures linked to an NI number will allow them to easily cherry pick targets rather than looking for 'victims'.

Ebay does not, as a matter of course, current voluntarily send sales figure to HMRC for 'high volume sellers'. There is no requirement for them to do so, so you can be sure they won't.



I don't know the answer to this, but it would be very easy to see HMRC deciding that the account holder is the earner. The example that gets cited, and I can run with it, is if you were claiming benefits and selling on eBay, and you're defence being it's going into your grannys bank account and she pays the tax. Surely that wouldn't wash. Arguing that the bank account holder was the sole person responsible is clearly open to abuse but, as I said earlier, I do not know how HMRC would view it.

Would I generate an income in a family members name using the bank account defense for not getting them to complete an annual return in their name...not a chance unless I had it in writing it was deemed legitimate.

Re: HMRC reporting of 2024
 

I am in the EU, where the new legistlation is called DAC7, but is basically the same thing - 2000 EUR or 30 sales, whichever comes first.

One of my accounts got the red banner first, informing me of the need to put tax id. I kept selling my stuff. Then I was informed that there is a deadline, by which I have to submit the info, otherwise the payouts will stop. I kept selling for the heck of it. When the deadline was reached, I was still able to sell, but the money just accumulates in eBay MP system and there are no payouts to my bank account. I am still able to sell, but I just abandoned the account.

Just my 2 cents, maybe someone will find this info usefull...

Re: HMRC reporting of 2024
 

EU is different from other countries because EU has been pushing this and they have the toughest rules on online sellers which ironically only became possible because the UK left the EU and it would have never agreed to implement such rules while being a member

Re: HMRC reporting of 2024
 

Can I change my stealth ones in family names to my own when the ruling comes in next year? The steaĺth ones are aged and no issues on account.

Re: HMRC reporting of 2024
 

It came in force from January this year.

Re: HMRC reporting of 2024
 

And yet, they impose the same restrictions on online sellers after the BREXIT? Only under a different name? I do not see how the UK remaining in the EU would have softened the rules.

It is obvious to me that governments of all countries are working to implement the same agenda, set for them by some unknown entity. What the final goal is not clear, but intermediary goal is to eliminate the middle class, that is for sure.