Starting multiple ebay accounts LIMITED COMPANY AND HMRC - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > International eBay & Paypal Discussions > UK eBay & Paypal

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.

Reply
 
Thread Tools
  #1  
Old 07-08-2019
Junior Member
 
Join Date: Jun 2019
Posts: 10
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 8%
iTrader: (0)
Default Starting multiple ebay accounts LIMITED COMPANY AND HMRC

So how would you get around this.

I have one account [ account 1] opened under the limited company[abc ltd]. I feel like I have a silent limit.
I have read the book but feel this query is not answered , so help on this will be greatly appreciated so i can proceed.
----------------------------------
example :
my current account is set out like this
ebay name :abc ltd

paypal name : my personal name
under business info : abc ltd
bank: abc ltd
-------------------------------
i want to open account 2. would this be the current layout ?
ebay name : friend name

paypal name : friend name
under business info : friend name [ dont tell paypal it is a ltd same as abc ltd]
bank : friend name
-----------

then just declare the sales onto abc ltd companies VAT return and tax calculation for tax purposes..

is any one else dealing with LIMITED companies like this ?

the concern I have is if the invoices are on my friends name for ebay , declaring them to HMRC for ABC ltd maybe an issue....

One advice I have been given is to have ebay store in anyones name but to simply have "trading under abc ltd" on the invoice.

but the VAT number would be the same.

i have been on :

my ebay >>> account tab >>> site preferences >>>> business seller preferences

when I have gone to "show vat on my receipts" it shows my VAT number , so ebay does have my VAT number.

I could do it on someones name , however I believe I will hit the £70k threshold for VAT pretty soon as the category I am in is high volume and low margins.

Is registering for a new VAT registered company the only option ?

is anyone else in a similar situation.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 07-08-2019
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 62,092
Thanks: 4,830
Thanked 7,531 Times in 6,873 Posts
Activity: 100%
Longevity: 78%
iTrader: (7)
Default Re: Starting multiple ebay accounts LIMITED COMPANY AND HMRC

This is of interest to few us looking to expand into UK as well
Reply With Quote
  #3  
Old 07-08-2019
Pathos's Avatar
Senior Member
 
Join Date: Jun 2019
Posts: 496
Thanks: 39
Thanked 87 Times in 73 Posts
Activity: 26%
Longevity: 8%
iTrader: (0)
Default Re: Starting multiple ebay accounts LIMITED COMPANY AND HMRC

Quote:
Originally Posted by ZFK123 View Post

I could do it on someones name , however I believe I will hit the £70k threshold for VAT pretty soon as the category I am in is high volume and low margins.

Is registering for a new VAT registered company the only option ?

is anyone else in a similar situation.
The VAT Threshold isn't 70K.
Reply With Quote
  #4  
Old 07-08-2019
spindoctor's Avatar
Senior Member
 
Join Date: May 2015
Posts: 537
Thanks: 199
Thanked 160 Times in 116 Posts
Activity: 0%
Longevity: 38%
iTrader: (0)
Default Re: Starting multiple ebay accounts LIMITED COMPANY AND HMRC

Itís £83,000 currently.

Quote:
Originally Posted by Pathos View Post
The VAT Threshold isn't 70K.
Reply With Quote
  #5  
Old 07-08-2019
james_112233's Avatar
Senior Member
 
Join Date: Mar 2017
Posts: 1,358
Thanks: 340
Thanked 335 Times in 255 Posts
Activity: 39%
Longevity: 24%
iTrader: (0)
Default Re: Starting multiple ebay accounts LIMITED COMPANY AND HMRC

This thread makes no sense.

If you are currently VAT registered why are you worried about hitting the VAT threshold ? You are already paying VAT right ?
Reply With Quote
  #6  
Old 07-09-2019
Pathos's Avatar
Senior Member
 
Join Date: Jun 2019
Posts: 496
Thanks: 39
Thanked 87 Times in 73 Posts
Activity: 26%
Longevity: 8%
iTrader: (0)
Default Re: Starting multiple ebay accounts LIMITED COMPANY AND HMRC

I don't think its that confusing.

He wants to run multiple accounts using the same VAT number.
Reply With Quote
  #7  
Old 07-09-2019
Pathos's Avatar
Senior Member
 
Join Date: Jun 2019
Posts: 496
Thanks: 39
Thanked 87 Times in 73 Posts
Activity: 26%
Longevity: 8%
iTrader: (0)
Default Re: Starting multiple ebay accounts LIMITED COMPANY AND HMRC

Quote:
Originally Posted by tinsoldier View Post
No he doesn't, he has suggested that he wants to address the VAT threshold even though he's already VAT registered.

OP is confused, that much is clear, I guess we'll have to wait for clarification.
Yes the VAT Threshold on accounts that he dosent have a VAT number for, i.e running multiple accounts.

But yes, its not entirely clear, however I get a feeling we won't be getting any more info!
Reply With Quote
  #8  
Old 07-12-2019
Executive [VIP]
 
Join Date: Jun 2014
Posts: 1,101
Thanks: 154
Thanked 401 Times in 291 Posts
Activity: 57%
Longevity: 45%
iTrader: (0)
Default Re: Starting multiple ebay accounts LIMITED COMPANY AND HMRC

Quote:
Originally Posted by tinsoldier View Post
If you're VAT registered, what are you trying to achieve with multiple accounts?
OP says he feels there's a silent limit on his account.
For me, that was the reason I cam to Aspkin in the first place too. My main account is still alive but I just feel it's cursed with some sort of silent limit.
Reply With Quote
  #9  
Old 07-22-2019
Junior Member
Threadstarter  
 
Join Date: Jun 2019
Posts: 10
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 8%
iTrader: (0)
Default Re: Starting multiple ebay accounts LIMITED COMPANY AND HMRC

Hi , sorry for the late reply and confusing post. I have been awaititng getting my new phone/laptop/tethering sim card which I all have now ready to go .

the purpose of my post is answered in the second sentence.

I feel like I have a "silent limit" on ebay . This theory will only be proven if I open up multiple accounts.

simply put :

can you have 2 accounts with the same VAT number without them being linked by ebay.


lets not get into petty details of "vat limit is 70k or 83k" it could be £100k and I will hit that in a short space of time. i am happy paying VAT , not trying to dodge it.

my concern is ebay linking two accounts together with the same VAT number.

as if they do , then i need to set up a new ltd company , new vat number ......

hope that clears matters
Reply With Quote
  #10  
Old 07-22-2019
Junior Member
 
Join Date: Sep 2008
Posts: 164
Thanks: 11
Thanked 26 Times in 25 Posts
Activity: 2%
Longevity: 88%
iTrader: (1)
Default Re: Starting multiple ebay accounts LIMITED COMPANY AND HMRC

Your concern is linking 2 accounts to same vat, ie so you can run 2 accounts and not link them,, but one vat numner to 2 accounts - if account is not in same name the vat number I dont think would add. As if you read previous posts last year ebay restricted selling on many accounts who were near vat threshold or over and due to them being stealth there wasnt a way round getting a vat number so accounts were toast.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Starting multiple ebay accounts ZFK123 Multiple eBay & PayPal Accounts 3 07-22-2019 07:46 AM
Ebay and Paypal Stealth accounts, the limited company route Tekko Subscriber Discussions 3 08-10-2015 10:33 AM
multiple Address accounts , same postage company wrighty UK eBay & Paypal 5 02-24-2015 12:54 PM
How does HMRC address you? Registered name or company name? jenupy2j Subscriber Discussions 13 11-17-2012 05:51 AM


Aspkin Group

All times are GMT -5. The time now is 03:10 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts