About tax for UK ebay/paypal account
I live in outside of UK. If I get a UK ebay and paypal account and sell on ebay. The registered country & address on ebay is in UK.
I want to know as below:
1.The UK tax office will ask me to pay taxes? They will contact me by ebay or paypal? It there any difference for business account and personal account. I mean about the tax. Please note: I can spend all money in my paypal account don't to withdraw funds to a UK bank account.
2. If I have balance more and more in my UK paypal account, the paypal will need to confirm my identity to comply with UK Anti-Money Laundering laws?
They will need what? Photo ID and address proof? anything else?
I know if I have an Australia paypal account the paypal will need to confirm my identity when my PayPal account balance is nearing $1000 AUD. They will need my photo id, address proof.
Thanks a lot for your help.
Last edited by Johnny20; 12-03-2015 at 10:39 PM.
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