How to start paying tax

[Hank]

Originally Posted by Freakzilla

What's your current thoughts on this?

Two ways to look at it. Tidy up your act and look to create some legitimacy, maybe through some slowly implemented account changes even to the point of closing some accounts if it goes pear shaped. Limited Company manipulation could possible be another route.


Another option is to chance your arm, given the huge amount of data that HRMC are going to have dropped on their desk (lets not forget the huge scope of these changes, it's not just selling platforms) then you could opt for the safety in number argument - one would think they'll cherry-pick their favourite new customers in the short term. Would blanket letters to everyone on their lists work??

I'm already heading down the route of the first option. I'm of an age where I simply do not want any legal confrontation, particularly if it could involve jail time which it could if they bottomed out my numbers. I will close accounts if necessary.

[Freakzilla]

Thanks,

For ebay I know what I'm going to do. Amazon is a different beast though. I feel changing info on Amazon will trigger verification which it won't past. We still have 10 odd months to think about it.

Originally Posted by Hank

Two ways to look at it. Tidy up your act and look to create some legitimacy, maybe through some slowly implemented account changes even to the point of closing some accounts if it goes pear shaped. Limited Company manipulation could possible be another route.


Another option is to chance your arm, given the huge amount of data that HRMC are going to have dropped on their desk (lets not forget the huge scope of these changes, it's not just selling platforms) then you could opt for the safety in number argument - one would think they'll cherry-pick their favourite new customers in the short term. Would blanket letters to everyone on their lists work??

I'm already heading down the route of the first option. I'm of an age where I simply do not want any legal confrontation, particularly if it could involve jail time which it could if they bottomed out my numbers. I will close accounts if necessary.

[Freakzilla]

Most people would say family instead of friends in that situation. Either way you can still fall out with your family.

Originally Posted by agent006140

grandma and mother can be friends too.

[eBayThorLyfe]

Originally Posted by Freakzilla

I don't think this is good advice. How can the poster prove they have any income NI contributions, etc. If HMRC look into them they will have to pay Tax on the income they receive in their accounts. Unless there's a reason, just create an ebay account in your name. What happens if you fall out with your friend, etc

If I could create an account in my name then I don't think I would be on this site lol. Got MC011 on my account about 4 years ago. Boy I wish I could turn back time.

[Freakzilla]

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.

Originally Posted by eBayThorLyfe

If I could create an account in my name then I don't think I would be on this site lol. Got MC011 on my account about 4 years ago. Boy I wish I could turn back time.

[eBayThorLyfe]

Originally Posted by Hank

Two ways to look at it. Tidy up your act and look to create some legitimacy, maybe through some slowly implemented account changes even to the point of closing some accounts if it goes pear shaped. Limited Company manipulation could possible be another route.


Another option is to chance your arm, given the huge amount of data that HRMC are going to have dropped on their desk (lets not forget the huge scope of these changes, it's not just selling platforms) then you could opt for the safety in number argument - one would think they'll cherry-pick their favourite new customers in the short term. Would blanket letters to everyone on their lists work??

I'm already heading down the route of the first option. I'm of an age where I simply do not want any legal confrontation, particularly if it could involve jail time which it could if they bottomed out my numbers. I will close accounts if necessary.

As the saying goes there are 2 things you can't avoid in life..death and taxes. I for sure want to do everything by the books. I want this to be my career. I will arrange some consultations with some accountants to find out what I can do.

[rsot]

Originally Posted by eBayThorLyfe

As the saying goes there are 2 things you can't avoid in life..death and taxes. I for sure want to do everything by the books. I want this to be my career. I will arrange some consultations with some accountants to find out what I can do.

nice approach

[Freakzilla]

Did you not read my post?

Originally Posted by eBayThorLyfe

As the saying goes there are 2 things you can't avoid in life..death and taxes. I for sure want to do everything by the books. I want this to be my career. I will arrange some consultations with some accountants to find out what I can do.

[eBayThorLyfe]

Originally Posted by agent006140

if you have the Ebay listings ,they would show the amount paid by the buyer,and you show the seller aint you with his Ebay ID and personal details.
if the Ebay details is all stealth,he would have more explanation to do.
I dont know what kind of friend OP is using,could be his mother or grandma?

Just a friend not a relative.

[eBayThorLyfe]

Originally Posted by Freakzilla

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.

Who the heck did you hear this rubbish off :L

[Freakzilla]

Shows how much you know. It's true, i've done, and loads of people have. Once others confirm, I'll wait for the apology.

Originally Posted by eBayThorLyfe

Who the heck did you hear this rubbish off :L

[Freakzilla]

https://www.aspkin.com/forums/ebay-d...on-mp-yet.html

[Freakzilla]

Me sitting here waiting for the apology now.....

[Hank]

Originally Posted by eBayThorLyfe

If I could create an account in my name then I don't think I would be on this site lol. Got MC011 on my account about 4 years ago. Boy I wish I could turn back time.

Should have mentioned this earlier, you can.

You could create a new account in your own name, don't duplicate anything wherever possible like email, phone number etc and there's a good chance it will survive. But if some of the doomsayers on this forum are to be believed they are currently suspending all new accounts. I'm not having it, but could happen.

But given your friends account is established, and assuming it's currently operating as a private seller account, you could change the details to yours. An element of risk but again, you might be surprised that ebay will just let it go through unchallenged.

Has your friends account been asked to supply any docs?

[stevebills]

Originally Posted by eBayThorLyfe

Can anyone help please ?

yes dont pay tax or you will stay broke

[eBayThorLyfe]

Originally Posted by Freakzilla

Shows how much you know. It's true, i've done, and loads of people have. Once others confirm, I'll wait for the apology.

I was using managed payments when I got suspended?

[eBayThorLyfe]

Originally Posted by Hank

Should have mentioned this earlier, you can.

You could create a new account in your own name, don't duplicate anything wherever possible like email, phone number etc and there's a good chance it will survive. But if some of the doomsayers on this forum are to be believed they are currently suspending all new accounts. I'm not having it, but could happen.

But given your friends account is established, and assuming it's currently operating as a private seller account, you could change the details to yours. An element of risk but again, you might be surprised that ebay will just let it go through unchallenged.

Has your friends account been asked to supply any docs?

Hi, thanks for the reply. No hasn't been asked for any docs.I did initially think this (trying to create an account again in my details) However my dad tried creating an account last year which they reviewed and banned after 6 days so I just gave up on that idea.

[eBayThorLyfe]

Originally Posted by Freakzilla

Me sitting here waiting for the apology now.....

Sorry my mistake, I didn't read it correctly but it doesn't matter anyway as i was banned when on managed payments. Maybe me saying account was closed 4 years ago had you confused, bad guess from me maybe more like 3-3 1/2 but I was put on managed payments as soon as it come out :(

[Freakzilla]

You can't of been. Managed Payments wasn't in effect 4 years ago.

Originally Posted by eBayThorLyfe

I was using managed payments when I got suspended?

[eBayThorLyfe]

Originally Posted by Freakzilla

You can't of been. Managed Payments wasn't in effect 4 years ago.

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]

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]

Originally Posted by stevebills

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

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.