Lifting the £1800 / 200 items transactions limit.
Hi
Can anyone shed some light please.
I have been thinking of the process of lifting the £1800 limit and have some queries/concerns.
As I understand it the Tax man has his hand in this rule. Your details are passed onto the above - who do what with it?
You are stealth - yes.
Your bank details are true - yes.
So, when the inevitable does happen, (your details are passed on to gov), and they follow the trail to your bank acc - will they inform pp that the pp, eb account holder's details do not match the bank acc?
Also, will the tax man contact you (the real account holder - linked by your bank) before you get to the £6000 mark?
This is bothering me as I dont really wanna run 10 seperate accounts all under the £1800 mark, I would prefer to go legit in that respect (as long as the stealth acc's are successful that is) with a couple of accounts, create shops and try to build them up.
Many Thanks in advance for any replies
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