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UK eBay & Paypal General discussions about eBay.co.uk Suspensions and Paypal.co.uk limited accounts. This forum is geared towards UK eBay & Paypal sellers.

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Old 10-08-2014
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Default Multiple Accounts and Tax

How do people get on with keeping everything above board as a business seller when using different names and addresses etc for multiple accounts?

Don't want to end up on the wrong side of ebay/paypal but even more so with the taxman.

Ta much
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Old 10-08-2014
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Default Re: Multiple Accounts and Tax

"You can use an account under different name if you got a good reason for it" - thats what my accountant said.
I belive the only thing taxman cares about is if you paid right tax. Having an stealth account isnt against the law.
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Old 10-10-2014
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Default Re: Multiple Accounts and Tax

as i understand it the tax man wants to know how much profit you make and to tax you on that. how you get it doesn not matter to the tax people.

Last edited by arktech; 10-10-2014 at 01:23 PM. Reason: typo
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