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Old 02-01-2015
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Default Ebay and paypal tax question

Hi,

I'm a new a seller on eBay and I want to know when will you have to pay hmrc tax? Please I'm really confused
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Old 02-01-2015
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Default Re: Ebay and paypal tax question

the threshold is going up to 10500 in 1 trading year, and you submit the tax return by 31 Jan, the amount you pay is after expenses.

you are meant to register as soon as you become self-employed though.
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Old 02-01-2015
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Default Re: Ebay and paypal tax question

Perhaps a question for a financial professional? Tax purposes
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Old 02-01-2015
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Default Re: Ebay and paypal tax question

Quote:
Originally Posted by Jazzy777 View Post
Hi,

I'm a new a seller on eBay and I want to know when will you have to pay hmrc tax? Please I'm really confused

Use this site

https://www.gov.uk/government/organi...evenue-customs

It is free to use. You can find out what your requirements are.

Good Luck

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Old 02-02-2015
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Default Re: Ebay and paypal tax question

funny you should mention this as I got asked today by my freelancer, and the answer was not online.

I know about if you earn over the threshold, but what about under?

she earns less than the threshold, do you need to register as self-employed, she was wondering more about for ni credits....?
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