Re: Add your National Insurance number!! Quote:
Originally Posted by rsot this is such a BS low lvl limit | Was going to ask this myself. It's a thing that the EU have brought in for tax purposes, which the UK are following as well.
If you sell more than 30 items or €2000 in a year, you have to pass on your details to eBay (and other online marketplaces) so they can pass them onto the relevant tax companies (HMRC in the UK).
Over £1000 turnover* per year and you have to pay tax on your online sales.
This is really going to hurt Stealth in a big way because you can't change your National Insurance number, unlike changing your name, or address, etc.
Other people will be able to provide more detailed info, but this is the general gist!
*This applies to people buying to sell and making a profit. For personal sales this doesn't apply, but there is something called Capital Gains Tax which you also have to pay over a certain threshold.
Most people didn't need to know this much about taxes...until now!
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