eBay Suspended & PayPal Limited Forums - How to start paying tax

I can assure you I was on managed payments and I had went on earlier than many sellers. I took that as a compliment from them :L maybe my guesses are rubbish but I have been using my friends account for more than 2 years 2 months now so my acc was banned at least 3 years ago.

stevebills

03-08-2023 08:36 PM

Re: How to start paying tax

i wouldnt bother paying any tax till you make a profit and test the water for 6 months as paying for a bookeeper and a accoutant and doin the vat inexspensive only to make a small profit would be a waste of time any energy and if your not making 60K a year get a real job

eBayThorLyfe

04-23-2023 05:53 AM

Re: How to start paying tax

Quote:

Originally Posted by stevebills (Post 1212579)

I have been making profit that's why I have posted this question. It Is worth the hassle for me I am not a hobby seller.

Denverfan9

12-23-2023 05:09 PM

Re: How to start paying tax

Quote:

Originally Posted by Bassy (Post 1212177)

Look up nominee middleman returns and talk to a CPA.

Never mind , this applies to usa sorry about that

This info here has just saved me lot of trouble...thanks for sharing!!!!

rsot	12-30-2023 12:18 PM

Re: How to start paying tax

Quote:

Originally Posted by Denverfan9 (Post 1232319)

This info here has just saved me lot of trouble...thanks for sharing!!!!

Bit of an older thread to revive

davecore

12-30-2023 12:50 PM

Re: How to start paying tax

Wish this was the case for me, they won’t even let me set up a buyers account.

Quote:

Originally Posted by Freakzilla (Post 1212243)

You're actually wrong. You'll be fine to create an account now. All banned info used before Managed Payments came into effect can now be used.

Freakzilla

12-30-2023 09:09 PM

Re: How to start paying tax

When was you originally suspended?

Quote:

Originally Posted by davecore (Post 1232636)

Wish this was the case for me, they won’t even let me set up a buyers account.

davecore

12-31-2023 12:42 PM

Re: How to start paying tax

Mid 2017..I got the “ are you still using your account” email, earlier this year.\
I waited a good few months hoping it was a sign could start a fresh, but they closed it the next day.

Quote:

Originally Posted by Freakzilla (Post 1232645)

When was you originally suspended?

skitidal

03-21-2024 07:23 AM

Re: How to start paying tax

HMRC like to see a trail so, as long as you can show the amounts moving from your friends bank account to your bank account, which matches up with ebay monthly statements, then I can't see this causing any issues, you will be asked why you are using your friends account, which is not a crime but be prepared for that.