Jan HMRC Tax Crackdown on online sellers- How worried should we be? or not?

[skimask]

Found this URL popup today,

https://www.thesun.co.uk/living/2567...mrc-crackdown/

HMRC spies on what you buy and sell online with eBay and others thanks to new law | This is Money

How is this even possible?

[JamesNorth101]

I imagine things like these automated sweeping programs will happen more and more often over the years.

Just talk to an account and a lot of the time you would be supposed how little tax you legally actually have to pay. You can usually get it to come in at around the 10% mark

The problem with trying to avoid tax is it always catches up with you and then you end up paying A LOT more than you would pay if you just paid the taxes correctly in the first place.

These UK snooping laws are getting more and more out of hand though. What the buggering hell does HMRC need to know what I have bought on Etsy and eBay for exactly. Items sold I understand, but items I have bought? That makes 0 sense.

Now to choose between moving to Texas or Canada... hmmmm

[GreenBean]

Would never trust an article from that toe-rag newspaper.

Scumbags.

[JamesNorth101]

Ha yes.

They are still not sold in that part of the UK by most shops.

[richie2065]

You should pay your taxes, however these articles come out every year and are scare tactics used by HMRC to get people to self assess.
Fact only one UK seller has been pulled for evasion of tax on their ebay shop/business - how bad is that!

[richie2065]

The Scum "Sun"

Originally Posted by JamesNorth101

Ha yes.

They are still not sold in that part of the UK by most shops.