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Re: HMRC reporting of 2024
 

Yeah over a year, where marketplaces have a years grace period to report sellers who were registered before this year, they wouldn't supply the 2024 data until 2026. That's if they will supply the 2024, and not just the 2025 sales data for legacy sellers.

Re: HMRC reporting of 2024
 

data is only supplied next year , grace period means that 2024 does not need to be reported

Re: HMRC reporting of 2024
 

I do wonder what happens if we simply do not provide the data they ask for, will they still send it to HMRC as an incomplete form?

For example if they ask for NIN or tax number, but we don’t give them it.. they will pause or close our accounts, but will it be left at that? Or will they send the incomplete form to HMRC with our revenue details regardless.

What are your thoughts?

Re: HMRC reporting of 2024
 

If your account is temporarily suspended until a NI is given I expect they will not chase you to give one.

Re: HMRC reporting of 2024
 

the account will be restricted if details are not provided

Re: HMRC reporting of 2024
 

Yes I know this will happen, I’m more so wondering if you think they still submit the information they do have such as revenue, bank accounts linked for payouts e.t.c to HMRC even if I choose to ignore the form and let them lock my account.

Let me know your thoughts.

Re: HMRC reporting of 2024
 

they can not provide incomplete information , these details are required and the new law imposes fines on providing incomplete details

Re: HMRC reporting of 2024
 

They can provide incomplete info, but will be find £100 for each sellers incomplete info.

Re: HMRC reporting of 2024
 

ebay always do the minimum that is required , I would rather worry about amazon here

Re: HMRC reporting of 2024
 

In my eyes they will submit info regardless of the fact that you haven’t completed the form with all details requested, which isn’t ideal

Re: HMRC reporting of 2024
 

Why's that? Amazon haven't even mentioned it anywhere yet.

Re: HMRC reporting of 2024
 

amazon are known for demanding a lot more than required legally , I would not be surprised if they report everyone regardless of NI availability

Re: HMRC reporting of 2024
 

Of course they will, they will then have to pay the fine for each incomplete sellers data submitted

Re: HMRC reporting of 2024
 

New Update From HMRC

https://www.gov.uk/guidance/reportin...ital-platforms

Extended time limits for due diligence on pre-existing sellers
When you first become a reporting platform operator, you have until the end of the second year to complete due diligence for pre-existing sellers, who are those who have been registered on your platform before you had to start reporting.

This gives you an extra year to collect and verify information for pre-existing sellers.

If you do this, you’ll need to add a reporting notification in the online reporting service to tell HMRC.

For example, if a platform operator becomes subject to the reporting rules on 1 July 2024, its first reportable period is 2024.

The date by which it must complete due diligence is:

31 December 2024 for sellers who registered on or after 1 July 2024
31 December 2025 for sellers who registered before 1 July 2024

When to report
The reporting rules started in the UK from 1 January 2024.

You must submit your report successfully to HMRC by 11:59pm on 31 January for the previous reporting period using the online reporting service. For example, you need to collect information for the year 1 January 2024 to 31 December 2024 and report it by 31 January 2025.

You must use the digital platform reporting XML schema and supporting documents to create your report for submission.

Large XML files may take up to 2 days to be checked after submission. Your report needs to pass our checks by 11:59pm on 31 January to be considered a successful submission, otherwise you may be charged a penalty for late reporting.

You also need to give a copy of any reported information to the seller by this deadline. This will help them if they have to fill in a tax return.

I'm hoping this means that for sellers registered before July this year only our 2025 data will be reported to HMRC in Jan 26 and none of our 2024 sales will be reported.

Thoughts?

Re: HMRC reporting of 2024
 

Agreed, it does appear that is the case.

So everyone that said this initially were correct after all, legacy sellers sales data are being reported in Jan 26.

Is this truly the end of stealth as we know it then ?

Re: HMRC reporting of 2024
 

So does that mean all of us sellers who created an account before 1 July 2024, we have another year (give or take) before eBay request tax ID?? Or eBay could request at anytime this year (2025) a Tax id #...for sellers who registered before 1 July 2024

Re: HMRC reporting of 2024
 

most likely they will request in spring/summer and will restrict everyone who did not supply just before september

Re: HMRC reporting of 2024
 

I can confirm that they started to do this. Received a request to provide NI from e&ay. So far they didn't restricted account in any way but I suppose if NI not provided they will soon.
Also being a legacy seller, I can confirm they didn't report in Jan 2025 meaning most likely the report for legacy sellers will be in Jan 2026 :hail:

Re: HMRC reporting of 2024
 

This seems to be the case, as eBay did not release the 'what we have sent to HMRC' document for any of my legacy accounts.

I did get this document on an account I purposely made last year to gather intelligence.

They are definitely going after Private Accounts more intensely than Business ones, I wonder if the HMRC see business accounts, as being more exposed visually, sp possibly not where the so called 'hidden money' is going and not where their efforts should be directly at immediately.

(obviously the hidden money is going to billionaires offshore accounts but they don't want to upset the wealthy so go after the working man, as per usual)

Re: HMRC reporting of 2024
 

Read lots of sellers are being asked for NI now (March). So are people thinking legacy users (pre 2024) are not going to be reported if over 30 items in 2024 ? Mine comes to about 31 items and £1900 which is highly annoying as I didn't realise it went over until it was too late. I stopped selling in October when I realised.

Everywhere I read said all of 2024 are going to be reported, but as yet I have no sales report in my sellers dashboard and I have not yet inputted my NI.

I have a horrible feeling this year grace for legacy just means Ebay has longer to get things sorted for legacy and our 2024 data will still be sent once they have done all new ones. I guess they just don't want to overload their systems, I am not lucky enough for it to be 2025 onwards only. In fact, I am positive, as so many legacy are now being asked for the NI, so seems to me like they got given a bit longer to compile legacy and yet still all of 2024 will be submitted.

Given the UK HMRC uses April to April but the other 30+ countries signed up to this new digital sales act use full years, I have no idea whether HMRC will use all 12 months or just April 24 to April 25.

We need some kind of plugin that warns us when we get near the thresholds.

Re: HMRC reporting of 2024
 

I thought the threshold was 20 items actually, not 30 but I could be wrong.


EDIT - sorry ignore that, it is 30, just double checked!

Re: HMRC reporting of 2024
 

Which is the worst part. If someone decides to list their wardrobe and sell old clothes for 5 quid each, will get under it with just 150 quid in turnover. At least the US one was 200

Re: HMRC reporting of 2024
 

that depends on the country , I am pretty sure that people in the UK can continue selling used pants for hundreds of pounds without getting harassed by HMRC

Re: HMRC reporting of 2024
 

Just had eBay request my NI today because I've ben selling of some old photography equipment I no longer use.

Honestly, what an absolute faff this is going to be. I've had some of this equipment for years and yes it's worth thousands but I shouldn't be having to prove I already owned it just so I don't have to pay tax. Is HMRC going to come knocking at some point?

What really bothers me about supplying NI numbers is the issue or data leaks as we've seen so many times from other companies other the years. This is sensitive personal information and we've seen many cases where someone's NI number has been used by scammers and then they've been stung with a massive tax bill from HMRC! Imagine that!

Does anyone have any thoughts on using dummy NI numbers? I'm tempted to go with that instead of my real one.

Re: HMRC reporting of 2024
 

As far as I know you can sell up to £6000 of your own goods before you have to pay tax. Under 6K and they will still send a letter asking what the goods sold were, and if you say personal items they just accept it apparently unless something seems off. Anything over £6000 and they will ask for tax regardless.

Yeah, the whole thing sucks. There are NI generators out there but I have no idea what happens if used.

Re: HMRC reporting of 2024
 

I appreciate some folk will be wary of giving ebay their NI number but that aside the chances of HMRC picking you for an audit are very slim indeed. Any letter you may get just ignore if you're merely selling off a few bits of old camera equipment because when it's gone it's gone, it is only your old personal stuff after all. ;)

But if HMRC did want to audit a select few one of the triggers could be bogus NI numbers. Would I use one, not a chance.

Re: HMRC reporting of 2024
 

Nah, if you're talking about CGT then it only applies to any gain you've made, most genuine private sellers are making a loss.

There is no way on earth that HMRC are going to target CGT opportunities from ebay sellers when they will be overwhelmed with easier and more 'profitable' targets.