changing address on a limited account

[JamesNorth101]

Ah, your still talking about the limited account.

All in one go is fine then

[onlinehelpneeded]

you can quite easily get another saving account with hsbc

[MM78]

I just read this whole thread....gave me a headache! JamesNorth, I thought you would of tapped out a long time ago...your a true champion in my book.

[bhavik95]

good for you MM78

also im planning on either make a natwest or barclays bank account in my name and was wondering will they accept withdrawals from the same name as my bank account but a different address?

lastly i was wondering when do you start to get tax on the amount of money coming into paypal?

[JamesNorth101]

This is really very basic stuff that your asking here. I really would advise that you spend a few days reading the forum to understand how stealth works

You pay tax on any money you get into PayPal

Talk to an accountant for details on exactly how much

[bhavik95]

think is i have read the forum i just havent found anything on these bank accounts.

also im not selling on ebay and receiving money im doing surveys which are coming into my paypal account.

how do you get tax in paypal? and is there not a certain limit you hit before you get taxed?

[JamesNorth101]

Bank accounts are mentioned a few times a week on average in the US and the UK sections of the forum

In a nut shell banks don't share information with PayPal. All PayPal see is the account number and the sort code that you give them. Your name with the bank and your address with the bank does not matter (although still avoid Lloyds)

PayPal will never tax you. HMRC will though

You 100% need to talk to an accountant RE that. Any money you earn, even if it is a stealth account, you have GOT to delay and pay taxes on. Last thing you want is a knock from HMRC who will make you show them every receipt for the last 3 years

[bhavik95]

alright thanks for that

As for the tax thing i understand what your saying but i looked at the HMRC website and it say that you have a personal allowance of £10,600 which you dont get taxed for.
at the moment im not working so i have no income other than what i am doing for surveys and at the moment i am no where near that limit.

[bhavik95]

anyone help me?

[JamesNorth101]

Talk to an accountant