PayPal and VAT Number

[SWORDFISH497]

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

[ckev26]

Originally Posted by SWORDFISH497

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]

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]

Originally Posted by SWORDFISH497

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.