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HMRC reporting of 2024
 

Interesting information from eBay about reporting sales to HMRC in Jan 2025.

It seems that only new accounts created in 2024 will be reported.

"Required UK digital sales reporting should only affect newly registered accounts in 2024 and all accounts in 2025 who pass either of the below calendar year sales thresholds on eBay:

Total sales on eBay is equal to or more than €2,000 (approximately £1,740) after deducting fees and commissions or taxes
30 or more sales transactions are completed on eBay (cancelled transactions are not included in the calculation)"

Source: https://community.ebay.co.uk/t5/Anno...C/ba-p/7548575

Re: HMRC reporting of 2024
 

Surely you're not suggesting that only accounts created in 2024 will be reported. It's very clear that, as we know, all accounts from 2025 which meet the sales threshold will be included.

I suspect that new accounts created in 2024 will have to meet the new reporting information requirements and all others will be onboarded in due course.

The link within your link explaining this is the important one, it spells out how ebay plan on doing this:

https://www.ebay.co.uk/help/account/...orting?id=5454

Re: HMRC reporting of 2024
 

I posted this on here a few days ago. The general consensus on the ebay forums is that ebay have worded it badly. All details will be passed on.

Re: HMRC reporting of 2024
 

and has anyone had the banner pop up yet?

Re: HMRC reporting of 2024
 

Its strange they state one thing and they have attorneys looking at what they put out.

We will see

Re: HMRC reporting of 2024
 

Worded it badly...from ebay? That's quite unlike them ...:FF:

Re: HMRC reporting of 2024
 

there is a grace period of one year for existing sellers so that ebay get more time to collect information and may report some info 2025 and for others 2026

Re: HMRC reporting of 2024
 

So are you saying if you are an existing seller, the marketplaces won't report your 2024 info, but will start from 2025?

Re: HMRC reporting of 2024
 

are not obliged by law to report 2025 , does not mean they will not

Re: HMRC reporting of 2024
 

I don't really see how marketplaces can when they have nobody's National Insurance Number.

Re: HMRC reporting of 2024
 

the problem is likely in creating the actual system to collect , process and submit reports

collecting NIN is easy , it is already working with ID numbers , as soon as a european seller sell their first item in the US they get a red banner displayed asking to add ID number , as long as it is not added no new listings in the US will be possible

my guess is that ebay will simply allow more time to add NIN number so that there will not be any limitations short term

Re: HMRC reporting of 2024
 

I'm curious: is anyone on this forum continuing to sell regardless of what is going on?

Ive left my account so far and made 0 sales in January. I'm by no means a business, and I don't sell large quantities. However, I do sell around 20–30 items a year and make over £1,000, but not by a lot!.

Is everyone else doing the same thing until some new information arises or just carrying on as normal and seeing what is around the corner?

Ive had some great advice from some people on this forum, and I do think surely someone making 4–5k a year wouldn't even be worth looking into. But there is always that seed of doubt in my mind! In all honesty, I don't have the energy for if a letter came through the door to go through all receipts of my used stuff over the years that I've sold, some of which I've bought used and sold for a profit, and have to prove all of this!

So yeah, just curious what everyone else is doing so far and if all sales have come to a stop?

Re: HMRC reporting of 2024
 

I'm carrying on whilst moving items across to my legit accounts.

I sell stealth on Etsy, Amazon and Ebay. None of them have ever asked for NI Number which is what HMRC want. They aren't bothered about UTR,

Re: HMRC reporting of 2024
 

If you only sell that amount of items a year, why not use a legit account?

Re: HMRC reporting of 2024
 

I do use a legit account. I converted them when MP came in and realised I could put my previously banned details in. I'm more bothered about the tax and if they really are going to be coming after everyone who makes over £1,000 and then looking into their past sales, etc. I would like to continue to sell, but I am not entirely sure how strict they are going to be or if they are just scaremongering! I know there are people running full-time businesses and not paying tax (none of my business), but I’m wondering if they are going to be going after those making 4-5k a year and expecting us to upload all receipts, etc.

Id like to think they are going after those selling huge volumes and who are obviously operating a business, but lets face it, it's always the little guys who get fu**ed. So I’m very wary at the moment of doing anything.

Re: HMRC reporting of 2024
 

To be honest i’ll be continuing for now and watching this closely to see how it pans out as ebay is being very vague as usual (muppets) at the moment and then go from there.

Re: HMRC reporting of 2024
 

So you aren't resgistered as self employed with HMRC?

Re: HMRC reporting of 2024
 

Saw this article last night

https://forums.moneysavingexpert.com...s-from-sellers

I'm sure eBay want nothing to do with this new scheme, as this will probably make alot of sellers switch platforms

Like 175Tom said, you never know, might be a scare tactic to make sellers on eBay submit, but if eBay does end up requesting NI numbers, then we should assume that they will pass seller details onto the Tax people

Re: HMRC reporting of 2024
 

Yes, correct, because I'm not a business. The items I sell are all used, but some items I have bought in the past on eBay and have sold for a small profit. I sell maybe 20-25 items a year. Granted, my items I sell aren't cheap, i.e., rare Northern Soul records, some designer clothes, and shoes. I know they say these are personal items, so no tax is due, but on the basis that you have all receipts to provide, which I do not have.

The items I sell don't bother me because I sell maybe 20-25 items a year and have made around 4k a year. What bothers me is the hassle that comes with it, which is asking for proof of purchase for the items sold.

Now it’s easy for me to think 3–4k a year selling used items is nothing! and most likely they are going for the big sellers, making 40-50k a year selling multiples of the same product. But one cannot ignore what these people are like, so it has put me off selling on eBay for the time being.

Re: HMRC reporting of 2024
 

That's not what the rules state. Your income has been over £1000 so you need to register with HMRC. In 20 years I have never been asked to provide a breakdown of details. I just do my tax return, pay the bill and that's it. If you only sell that amount of items it would be easy to manage

Re: HMRC reporting of 2024
 

All marketplaces will need sellers NI number. It's a requirement for the reporting to HMRC. If not they will be fined.

Re: HMRC reporting of 2024
 

That's a bit of an oxymoron given all sales platforms are legally obliged to comply.

It's no scare tactic, it the law and you'd better assume they'll pass on your details to HMRC, that's the whole point of it.

Re: HMRC reporting of 2024
 

okay, maybe most sellers should get some kind of tax advise

Re: HMRC reporting of 2024
 

It's no scare tactic, it the law and you'd better assume they'll pass on your details to HMRC, that's the whole point of it.[/QUOTE]

I have no doubt! But equally, no one really knows the full extent of what is happening. Ive been told that personal items are not taxable, so anyone making over £1,000 has to declare this to HMRC? So at what point and how do they know if you are running a business or just a personal seller offloading your cr*p?

Regular weekly/monthly sales and them having a breakdown of this will be impossible for someone to say, "Oh, these are just my personal items” but what about someone who has a few expensive items hits £3k on say 8 sales over the course of a year? Is it then up to the individual to prove that these items are personal belongings? Surely there will be some sort of category people will be put into because this would be detrimental to eBay. No personal seller will want to go through all the hassle of this and will just use other websites. Let's be honest, £1,000 a year is nothing! People have shoes these days that sell for £500. So three pairs of used trainers that sell for £1,500, and boom, you're having to declare this?

Anyway, in the grand scheme of things, I don't really know anything; I'm just wary and would like to continue to sell some of my personal items, but I'm holding off for the time being!
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Re: HMRC reporting of 2024
 

It's not just ebay, it's every marketplace. Amazon, Onbuy, Etsy, all of them have to do this.

You should be registered with HMRC. That's a fact. Anyone who turns over more then £1000 has to be registered with HMRC. Whoever told you that about personal items is wrong. The reporting rules are simple. If you sell over 30 items a year or turnover more then £1,770 they will share your info with HMRC. What HMRC will do with that information we don't know at the moment, and probably won't for another year.

Re: HMRC reporting of 2024
 

I think we are heading towards a time now where everything you do will have to be reported digitally online and quarterly regardless of being VAT registered.

You can ufcourse sell your personal items, HMRC will want to know about it. Initially they won't penalise you for not having your purchase receipt but then will educate you on keeping receipts if you plan on selling personal belongings on online marketplaces. This will all be done in phases.

Places like Facebook marketplace will boom. As will gumtree. But then we will head towards a cashless society with cbdcs so any money going into your bank will need to be declared anyway.

The government are closing in on those that don't declare everything. It was great while it lasted, everyone has to go legit now. And stealth is most certainly over.

Re: HMRC reporting of 2024
 

Yeah, things are changing, been involved with eBay since 2002, alot has changed since then. But if you have a good business model that makes good profit, paying abit extra in tax is worth it to stay in business, better to pay the tax then stop altogether

Re: HMRC reporting of 2024
 

Id have no problem with paying TAX for sold items this year. The only problem in doing so is will they then start to look into past sales? I haven't declared because my items have all been my own used stuff so I never for a second thought TAX was due. If this is the future now then of course id have to start paying but its just if I did start for this year would they then look into past sales.

Re: HMRC reporting of 2024
 

HMRC have had access to sales data for donkey years anyway. And so did Joe bloggs a member of the public they just have to go through a person's feedback to get an idea.

If you're going to declare it then carry on selling and don't worry.

Those who have sold items without declaring anything will now have there tax ID, name and addresses including turnover submitted to HMRC every year so all they have to do is press a few buttons to get a accurate picture of deliberate tax evasion. I will bet an algorithm will put discrepancies forward to an actual agent.

Re: HMRC reporting of 2024
 

Does anyone know if eBay will be reporting from April 2023 to March 2024 in January 2025.

Or is it January 2024 to December 2024 being reported to hmrc in January 2025 ?

Because I think it's the first one and what did eBays announcement mean when they said the rules will only affect NEW accounts in 2024. But all accounts including legacy ones from 2025.

Re: HMRC reporting of 2024
 

It's January 2024 to December 2024.

Ebay have just worded it badly

Re: HMRC reporting of 2024
 

I did my self assessment for the first time. Paid the tax, hope I don't hear back!

Re: HMRC reporting of 2024
 

I think what is most likely to happen is when you reach £1750 sales $2000 you will be asked to submit your NI number to eBay or it could be on registration.

Does this mean it’s the end of stealth accounts not necessarily you could submit your NI number and then change back to stealth who knows you might be asked again to submit your NI or most of the time it’s always been ID and sellers are passing by editing real ID so they definitely don't store IDs in a database.

If the limits are 2k before NI numbers to be declared and you have a 20k business 10 accounts should be fine. 100 accounts £200k.

I think now is the right time to start creating more stealth accounts. I’ll be experimenting weaknesses as with every system theirs always a weakness especially when it’s all run by predictable bots which triggers accounts.

Re: HMRC reporting of 2024
 

I don't understand what you mean. How can you submit your NI information and then change back to stealth?

Re: HMRC reporting of 2024
 

Do you mean in 2024? Surely people will have hit the £1750 in sales already and posted about this? Ive not heard of anyone saying they have had to submit NI just yet.

Re: HMRC reporting of 2024
 

I don’t know how it’s going to work! Just making assumptions. But let’s say you trigger eBay bot at £1750 sales and a banner comes up and says enter NI number you enter your number and banner disappears.

You then change your accoun details to random details this is where it can ask you to enter a new NI number which in this case we don’t have or it will ask for ID which we do have.

You may get the option where you can delete your NI number I’m just making assumptions as I don’t know until it happens.

Personally I don’t see an NI number being asked at registration as you’re not guaranteed to go over £1000 £2000 whatever it is plus theirs people who just want to sell something and then nothing.

So it could trigger when you reach threshold or you might not have to enter it and it just goes to HMRC by linking name date of birth and address which will be better as nobody wants to enter their NI number and if it’s stealth then they won’t be able to link your NI as details are stealth.

Nobody knows we can make assumptions but I don’t trust HMRC or eBay. eBay said my bank details have to match name that was a scare as I’ve got savings accounts in different names on eBay so I don’t believe everything I’m reading on their sites.

Re: HMRC reporting of 2024
 

No next January 2025 eBay will start collecting info and sending it to the tax man. Only if sales are above £1000 tho will be collected from eBay.

Info their looking to collect are

Full name, address, date of birth, national insurance number and potentially bank number if sales have exceeded the threshold.

I think they will have a new option to input your national insurance number in when this takes effect. A banner will pop up once you have hit the threshold.

What I think could happen is if you type incorrect NI number in so many times eBays bot may send a message to say could not be verified and ask for proof of NI but what I see happening is sellers getting creative once again.

Their edit their NI number and see if it passes. As we know Drivers license and passports are not stored in eBay’s database so this could be the case or they might just input whatever number and eBay just you sends everything they’ve got. Nobody knows we can only speculate.

Towards the end of the year I will be removing my savings account from eBay and my bank as I only use savers as doesn’t effect credit score and can open and close as many as you want.

And add a new savers from a different bank as I’m still going to use my accounts up to November ish.

I’m also going to start creating loads of stealth accounts again as I might end up needing a lot only time will tell.

Re: HMRC reporting of 2024
 

You can't change the details once you have been through MP.

Also it's 30 sales or £1700 whatever comes first.

The only way I can see stealth working is if you have Revolut with a VBA attached to it.

It doesn't matter what details you have on Ebay for accounts, HMRC can track who you are through the bank accounts. What I put above is the only way I can see stealth working. Even then it'll only work for a period of time as when HMRC find out the person doesn't exist they will no doubt tell ebay.

Re: HMRC reporting of 2024
 

and they are actually collecting the data now to send in January 2025

Re: HMRC reporting of 2024
 

You can I’ve changed my details quite a few times but what happens is they end blocking you from changing your date of birth. I thinks it’s two to three times you can change full details including date of birth before you can no longer manually change date of birth.

Yeah your right about bank accounts which is why I plan on removing my savings account towards the end of the year and adding a new year one so they can send my new account number which hasn’t made a lot.

I need to see if I can pass MC011 first to see if my document will pass if it does I’m creating loads of accounts. I’ll test one account go over threshold and see what happens.

The other accounts I’ll make sure they stay under so I won’t set off any triggers but we will see. As things stand still no option to add NI number and on eBays page it says NI number will be added.