| ljkay | 05-03-2023 03:45 PM |
Re: Does eBay collect the vat
Quote:
Originally Posted by degsey69
(Post 1216282)
If you have a look at the link you provided and it’s info is not up to date, it was written in 2021 and the reporting was pushed back to Jan 2024 in the UK.
| As it says "4 Months Ago" at the top of the article I assumed it was up-to-date information.
I'm seeing a few people online (even as recently as today) saying they got what they call HMRC "nudge" letters and many have sold £7k upwards. They don't state how old their ebay account is, whether they list multiples or have sold in huge volumes over lots of transactions/listings, so, it's hard to say what generates the letter. I'd assume they are private sellers.
I know HMRC do data-matching too, though.
There were emails sent out in March 2023 to ebay UK members advising of the new terms and conditions " Additional information about the data we process in order to comply with new consumer, anti-fraud and tax regulations." - though that's all a bit vague.
Had a root around to see if there's more precise updates and came up with this Tech companies must report income details of online sellers to HMRC after 2023
https://www.gov.uk/government/consul...ts-regulations
The link takes you to the HMRC page which explains that the consultation is over, HMRC are now considering the responses and drafting legislation which will come in in 2024.
The OECD Model Rules do not inlcude sellers of goods, however the UK government will be including these sellers."
so you're right enough!
(Though the gov dot uk site says "The final regulations are expected to be made in early 2023 to come into force on 1 January 2024.") | 
