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-   -   PayPal and VAT Number (https://www.aspkin.com/forums/uk-ebay-paypal/123507-paypal-vat-number.html)

SWORDFISH497 01-26-2019 10:14 AM

PayPal and VAT Number
 
If i run multiple ebay accounts under one PayPal would they ask VAT details if i exceed the threshold ?

ckev26 01-26-2019 03:06 PM

Re: PayPal and VAT Number
 
Quote:

Originally Posted by SWORDFISH497 (Post 974070)
If i run multiple ebay accounts under one PayPal would they ask VAT details if i exceed the threshold ?

You are liable for declaring taxes, it is not paypal you need to worry about it's HMRC "connect" system that collects the sum of everyones transactions via all online payment systems, the connect system could select you for enquiry at anytime, it holds more data than the british library,
when someone is selected that person or organization will loose everything,
HMRC publish updates of those prosecuted and i think it averages a couple a day, have seen businesses declaring £6,000 and the actual amount turns out to be over £1M
The system does not just select big tax avoid, seen small fry on the list too.
If you go over the VAT threshold and not declare then its only a matter of time before your selected
But then again if its not in your name then there's nothing to worry about,

SWORDFISH497 01-27-2019 01:14 AM

Re: PayPal and VAT Number
 
Thanks, Im VAT registered and paying Tax correctly on time. But my issue is im on stealth multiple accounts. im not entering vat numbers to ebay accounts but my accountant accumilate all the sales then pay as a whole under my company. But ebay is asking vat numbers when go over threshold. Like that would PayPal request VAT details cos ebay is sending e mails asking VAT details.

Play 02-04-2019 01:07 PM

Re: PayPal and VAT Number
 
Quote:

Originally Posted by SWORDFISH497 (Post 974070)
If i run multiple ebay accounts under one PayPal would they ask VAT details if i exceed the threshold ?

You'd be linking these account together. If one went down, the rest would be bound to fall like dominoes.

If they did get linked before getting limited, you could have selling limits drastically reduced on all of the accounts.

Taxes aside, this method just never pans out well long term.


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