HMRC effects £1740 limit

[Captain_America]

"the general feeling" is a couple of people who know absolutely nothing about what can or will happen.

Originally Posted by BeachedHead

Business account is Stealth but she has access to the address used, roughly 40k ish

Personal account is real, friend who trades in expensive audio equipment, so not huge volume of transactions but high value , probably around the same 40k ish too

What seems to be the general feeling is that the HMRC aren't equipped to deal with it - YET, so there's no one actually managing it all. It's more a scare tactic to get people to vountary register. Speculation of course.

I mean, they let off 30,000 self employed sole traders late last year in self assessment fines because they didnt habve the manpower to manager all their queries...

[BeachedHead]

Originally Posted by Captain_America

Then they will request your bank details from the bank you have on file for deposit and easily find out who you are.

Ah yes, the speculation based on the 'fear' press releases sent out by the HMRC. This has been discussed to death already on this thread especially around the feasible manpower it takes to even remotely start an investigation at this level. I remember the time when they sent out letters saying we are coming to your house soon so get your tax affairs in order. No one ever did get a visit.

They have always been able to do that, from eBay to PayPal, just FYI.

[BeachedHead]

Originally Posted by Captain_America

"the general feeling" is a couple of people who know absolutely nothing about what can or will happen.

No one does, but those with a fair understanding of these things can look at it objectively using critical thought to piece together the likelihood of the 'threats' being real or not. As I've said before, few years time, its more possible, but right now, nah.

[Captain_America]

how much manpower do you think it takes to contact a bank, to find out the Account owners details?

This is a different world now, they have the info, without asking for it.

AI will and has changed how this is all done.

Originally Posted by BeachedHead

Ah yes, the speculation based on the 'fear' press releases sent out by the HMRC. This has been discussed to death already on this thread especially around the feasible manpower it takes to even remotely start an investigation at this level. I remember the time when they sent out letters saying we are coming to your house soon so get your tax affairs in order. No one ever did get a visit.

They have always been able to do that, from eBay to PayPal, just FYI.

[Captain_America]

You mean people who have no idea, because this is unprecedented and HMRC will have the data from last year, so they'll get you historically then, if that's what you think.

Originally Posted by BeachedHead

No one does, but those with a fair understanding of these things can look at it objectively using critical thought to piece together the likelihood of the 'threats' being real or not. As I've said before, few years time, its more possible, but right now, nah.

[BeachedHead]

Originally Posted by Captain_America

how much manpower do you think it takes to contact a bank, to find out the Account owners details?

This is a different world now, they have the info, without asking for it.

AI will and has changed how this is all done.

It takes a whole lot more than you think it does, I can assure you of that.

Your understanding of these things is in its infancy, and that's ok, you will learn over the next year or so how this all manifests.

I appreciate you have bought into the scare tactics, and this is exactly what they were designed to do. So you do your taxes your way, others will do it or not do it theirs. We will see what happens, I won't be wrong at least not for a 2-3 years.

[BeachedHead]

Originally Posted by Captain_America

You mean people who have no idea, because this is unprecedented and HMRC will have the data from last year, so they'll get you historically then, if that's what you think.

The fear you have is exactly what they wanted. It's ok, it was designed to be this way.

Bored now , you basically don't say anything other that repeating the HMRC press releases.

[Captain_America]

I actually worked in banking 25 years ago, and I know how easy it was then.

I know you're worried. You know there is no way back now, and you can't admit the reality that it's out of your hands now. It's just a matter of time until it happens. It must be hard sleeping at night knowing, they'll be a letter coming through the letterbox, or a knock on he door.

Originally Posted by BeachedHead

It takes a whole lot more than you think it does, I can assure you of that.

Your understanding of these things is in its infancy, and that's ok, you will learn over the next year or so how this all manifests.

I appreciate you have bought into the scare tactics, and this is exactly what they were designed to do. So you do your taxes your way, others will do it or not do it theirs. We will see what happens, I won't be wrong at least not for a 2-3 years.

[Captain_America]

You're fear of the situation in every one of your posts is evident. You think if you keep thinking that it'll be OK, it will be. Must be hard worrying about losing everything you've worked for, and knowing it'll happen at some point over the next few years, and there's nothing you can do about it...

Originally Posted by BeachedHead

The fear you have is exactly what they wanted. It's ok, it was designed to be this way.

Bored now , you basically don't say anything other that repeating the HMRC press releases.

[Daniellesmith9]

Friend got a letter for 2022/23 through the door about 15/16 months ago. She suffers with mental health quite badly. She freaked out and replied to it.

They're now allowing her to 'file late' without a fine/charge involved. It took them about 14 months to reply to her response to the letter. She asked for information about what they've got on her but wouldn't actually tell her. I'd assume it's because they don't have anything.

I'd suggest if you did have a letter through the door to ignore it because I'm 95% sure they wouldn't even have the time, money or manpower to go through it all.

As for the future, it's up to you, but with banks becoming more strict and marketplaces more open to HMRC, I'd declare.

[BeachedHead]

Originally Posted by Captain_America

I actually worked in banking 25 years ago, and I know how easy it was then.

I know you're worried. You know there is no way back now, and you can't admit the reality that it's out of your hands now. It's just a matter of time until it happens. It must be hard sleeping at night knowing, they'll be a letter coming through the letterbox, or a knock on he door.

Wow you worked in banking in 25 years ago and now you're ok a dodgy website finding ways to allude in part banking regulations lol. You are funny.

I've been doing this a lot longer than you, some of your infantile questions on Stealthing shows this.

I can't be worried, all my houses are in order. Why would you think that that weren't?

I have though, purposely left one account open to HMRC scrutiny just because I like being a bandit, and it will provide me information along the route regarding how they manage this situation. They won't manage to ascertain anything from it and even if they put the whole of the MET on it, I could plausibly pass it off anyway.

You honestly sound like one of those MAGA idiots that have no ability for critical thought.

[BeachedHead]

Originally Posted by Daniellesmith9

Friend got a letter for 2022/23 through the door about 15/16 months ago. She suffers with mental health quite badly. She freaked out and replied to it.

They're now allowing her to 'file late' without a fine/charge involved. It took them about 14 months to reply to her response to the letter. She asked for information about what they've got on her but wouldn't actually tell her. I'd assume it's because they don't have anything.

I'd suggest if you did have a letter through the door to ignore it because I'm 95% sure they wouldn't even have the time, money or manpower to go through it all.

As for the future, it's up to you, but with banks becoming more strict and marketplaces more open to HMRC, I'd declare.

As soon as you reply, you put yourself on the radar. Ignore it, and at least for the time being, nothing happens.

Sure as Ive said multiple times, this will change over the years for sure, IF they feel the investment is worthwhile.

[Captain_America]

Your posts do actually point to you being a bandit.

This has obviously effected you worse then I had thought, to the point of becoming delusional. When the time comes, and it will hopefully you won't lose everything, and if you have to do some jail time, you could use it to reflect. We all do make mistakes, albeit some bigger then others.

To anyone reading these posts, nobody knows what will happen Beacherhead especially. I'm stating what easily could happen, and to me it's not worth the risk. Just think toy ourself is it worth the risk?!

Originally Posted by BeachedHead

Wow you worked in banking in 25 years ago and now you're ok a dodgy website finding ways to allude in part banking regulations lol. You are funny.

I've been doing this a lot longer than you, some of your infantile questions on Stealthing shows this.

I can't be worried, all my houses are in order. Why would you think that that weren't?

I have though, purposely left one account open to HMRC scrutiny just because I like being a bandit, and it will provide me information along the route regarding how they manage this situation. They won't manage to ascertain anything from it and even if they put the whole of the MET on it, I could plausibly pass it off anyway.

You honestly sound like one of those MAGA idiots that have no ability for critical thought.

[murdered_by_ebay]

Originally Posted by BeachedHead

As soon as you reply, you put yourself on the radar. Ignore it, and at least for the time being, nothing happens.

Sure as Ive said multiple times, this will change over the years for sure, IF they feel the investment is worthwhile.

this is spot on and it has always been this way

[BeachedHead]

Originally Posted by murdered_by_ebay

this is spot on and it has always been this way

Aye, it's the way it is, I can't debate with the fearful, it's become like religion to them , so I'm just going to politely ignore Mr Presumptuous and his Maga sensationalism

The fear system is clearly indoctrinating , which was the primary goal of the HMRC campaign though, so at least it achieved something.

[Captain_America]

It came to me yesterday, you must be a deeply insecure individual. You've seen people are clearly worried about the situation, so you fed them what they wanted to hear. You say it'll be OK, nothing will happen, it's scare tactics, etc. When it's impossible for you to now. The lemmings have latched onto your posts, you've got a few thanks, as a result it makes you feel good about yourself, your confidence grows, to the point where you have to keep it going, where deep down you don't know what will happen, you have no proof. Even murdered_by_ebay is agreeing with you which is never a good sign. It's kind of like a 13 year old girl posting a pic with a filter on insta for likes. Some of us have nothing to worry about, but we don't want you to feed your misinformation to others. When they stand up in court and say someone from a forum said it would be OK, won't wash in court.

Originally Posted by BeachedHead

Aye, it's the way it is, I can't debate with the fearful, it's become like religion to them , so I'm just going to politely ignore Mr Presumptuous and his Maga sensationalism

The fear system is clearly indoctrinating , which was the primary goal of the HMRC campaign though, so at least it achieved something.

[BeachedHead]

*living in Captain America's head rent free and loving it*

[Captain_America]

Far from it hun, just waiting for the day you're proved wrong, and you will be. X

Originally Posted by BeachedHead

*living in Captain America's head rent free and loving it*

[BeachedHead]

* clearly still living in Captain America's head rent free and loving it*

[Davfos]

Let's keep this discussion constructive and focused on helping each other. This forum is meant for sharing knowledge, especially among those who have been in similar situations.

I’ve already shared my thoughts on this topic, but I’ll clarify again based on my experience. Having worked in this space for over a decade, with connections to multiple fintech companies and experience handling complex company structures and tax liability cases with HMRC, I can provide some insight.

HMRC is not currently equipped to investigate every individual selling goods on marketplaces at scale. In the short term, the impact will likely be minimal, and most actions taken will involve sending letters or requesting corrections to submitted information, such as National Insurance numbers. While HMRC has the authority to review bank accounts, it is unlikely they will conduct mass audits immediately.

However, this does not mean those who fully disclose their income and pay the correct tax will face issues. The primary focus will be on individuals generating significant income (thousands or more) who fail to declare or submit tax returns. In such cases, HMRC will likely reach out for corrections before taking further action.

There are several ways to address this. One option is to switch the account to a limited company with a separate business bank account. You could establish multiple limited companies, each with a distinct structure, provided there is a clear justification, such as selling different types of products, operating under separate brands, or conducting business from different locations.

This system is primarily designed to identify individuals who are not paying tax on what HMRC considers a business operating through a marketplace. As long as tax obligations are met and the business structure is properly maintained, there should be minimal cause for concern.

If anyone needs further clarification, I’m happy to share insights. Let’s keep the discussion focused on solutions.

[BeachedHead]

Originally Posted by Davfos

Let's keep this discussion constructive and focused on helping each other. This forum is meant for sharing knowledge, especially among those who have been in similar situations.

I’ve already shared my thoughts on this topic, but I’ll clarify again based on my experience. Having worked in this space for over a decade, with connections to multiple fintech companies and experience handling complex company structures and tax liability cases with HMRC, I can provide some insight.

HMRC is not currently equipped to investigate every individual selling goods on marketplaces at scale. In the short term, the impact will likely be minimal, and most actions taken will involve sending letters or requesting corrections to submitted information, such as National Insurance numbers. While HMRC has the authority to review bank accounts, it is unlikely they will conduct mass audits immediately.

However, this does not mean those who fully disclose their income and pay the correct tax will face issues. The primary focus will be on individuals generating significant income (thousands or more) who fail to declare or submit tax returns. In such cases, HMRC will likely reach out for corrections before taking further action.

There are several ways to address this. One option is to switch the account to a limited company with a separate business bank account. You could establish multiple limited companies, each with a distinct structure, provided there is a clear justification, such as selling different types of products, operating under separate brands, or conducting business from different locations.

This system is primarily designed to identify individuals who are not paying tax on what HMRC considers a business operating through a marketplace. As long as tax obligations are met and the business structure is properly maintained, there should be minimal cause for concern.

If anyone needs further clarification, I’m happy to share insights. Let’s keep the discussion focused on solutions.

While some of this is relevant, some of it is basic taxing rhetoric.

As this is a Stealth forum, one may ask, how will they establish who a person is being that the details will more than likely be hookie, and the address used won't be where anyone of that name resides, and also how they can claim that a claimed amount of ££ is being made, when in fact, without UTR or NI number, that can't be traced as the taxation on whatever is sold could be through someone else entirely. The man power it would take would need to be pretty massive to start investigating all the accounts like that, there are a LOT.

Its too long winded for an under resourced department who can't even handle existing sole trader tax returns. It may change as their system start to evolve, but its not there yet. Theres still a bit of time for some to cash in if they can't convert to genuine details.

I notice the 'Reporting' date has changed now for sellers who registered before July 2024 so will only be reported in 2026 now. Obviously there has been a backlog or some issues, but I hazard a guess we will see the NI number request happening this year sometime thats the key to it all really. OBvs it can easily be fluffed, but it'll be interesting to see if eBay are able to check it with HMRC. I have an account I have primed just for that reason for a bit of info finding.

[Davfos]

Just to clarify, I agree with much of what you've said.

However, "stealth" and this forum exist to support those who have been unfairly removed from marketplaces like eBay. It is not intended for individuals looking to avoid paying their fair share of taxes. Using stealth to evade tax obligations is not a topic I’m interested in discussing.

As I’ve mentioned before, if this ever becomes a concern, there are legitimate ways to address it.

For instance, if you have a successful store generating consistent profits, why not transition it into a fully legitimate business with its own company structure and tax compliance? This approach allows anyone reading this to open multiple stores, test their success, and convert the profitable ones into legally compliant businesses.