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- - Business seller
( https://www.aspkin.com/forums/uk-ebay-suspensions/32851-business-seller.html)
scrubberbytrade | 06-19-2011 04:09 AM | Business seller Can anyone tell me what info you need to upgrade to a business seller on e bay..also do they supply tax number.
TIA |
GrannyT | 06-19-2011 04:11 AM | You just upgrade. You don't need any tax numbers. I'm not sure what you mean by 'do they supply tax numbers':pop2: |
scrubberbytrade | 06-19-2011 04:15 AM | What I meant was tax registration number...I think I have it right, what kind of info do they need..TIA |
scrubberbytrade | 06-19-2011 04:17 AM | forgot to ask, are your selling restrictions lifted, when you become a business seller..TIA |
GrannyT | 06-19-2011 04:27 AM | Quote:
Originally Posted by scrubberbytrade
(Post 240924)
forgot to ask, are your selling restrictions lifted, when you become a business seller..TIA | Selling restrictions come in when they cannot prove who you are by public info. If you are on the electorol role or have a valid VAT number you will not get listing restictions on a business account - that's my experience
:pop2: |
scrubberbytrade | 06-19-2011 04:30 AM | Thank you...How do you get a VAT number, do ebay supply them. |
GrannyT | 06-19-2011 04:36 AM | Google HMRC and there is a complete section on VAT - unless you are a professional seller I would not recommend it - The paper work needed to maintain your records of VAT liabilities will kill you. I know, I spend at least 4 hours a week on VAT. We have the farm on one account and website trading on another - it's a nightmare - it's not good for stealth as you need to be ready for the visit by the VAT inspectors - If you are professional and paying your taxes then you should have it if your sales breech the threshold
:pop2: |
Stigger | 06-19-2011 05:13 AM | Quote:
Originally Posted by grannytranny
(Post 240930)
Google HMRC and there is a complete section on VAT - unless you are a professional seller I would not recommend it - The paper work needed to maintain your records of VAT liabilities will kill you. I know, I spend at least 4 hours a week on VAT. We have the farm on one account and website trading on another - it's a nightmare - it's not good for stealth as you need to be ready for the visit by the VAT inspectors - If you are professional and paying your taxes then you should have it if your sales breech the threshold
:pop2: | 4 hours a week, filliping heck are you a billionaire of something.
ha ha use a charted accountant, your chance of getting a visit are slim to none.
yes i forgot what it is, think its 67,000 before you meat the threshold.
If you turnover is around the 67,ooo you much better trying to keep it under that and staying as a sole trader, the only advantage of going ltd from what i could see is for the v.a.t man |
GrannyT | 06-19-2011 05:18 AM | Quote:
Originally Posted by TizWoz
(Post 240931)
4 hours a week, filliping heck are you a billionaire of something.
| :DLOL - I wish TizWoz
The farm account takes up most of the time as so much is zero rated and so much is full rated. We get a VAT reclaim every quarter and it's an important part of the farm finances.
We get a visit about every 18 months
I totally agree with you about limits though. I would avoid reaching those limits at all costs - as I said in my post - VAT registration is only for professional sellers.IMO
:pop2: |
Stigger | 06-19-2011 05:22 AM | Quote:
Originally Posted by grannytranny
(Post 240930)
Google HMRC and there is a complete section on VAT - unless you are a professional seller I would not recommend it - The paper work needed to maintain your records of VAT liabilities will kill you. I know, I spend at least 4 hours a week on VAT. We have the farm on one account and website trading on another - it's a nightmare - it's not good for stealth as you need to be ready for the visit by the VAT inspectors - If you are professional and paying your taxes then you should have it if your sales breech the threshold
:pop2: | 4 hours a week, filliping heck are you a billionaire of something.
ha ha use a charted accountant, your chance of getting a visit are slim to none.
yes i forgot what it is, think its 67,000 before you meat the threshold.
If you turnover is around the 67,ooo you much better trying to keep it under that and staying as a sole trader, the only advantage of going ltd from what i could see is for the v.a.t man |
luverlyjuberly | 06-20-2011 12:55 PM | Can someone talk through registering as a ebay business seller. Do they ask certain questions or is it just a case of clicking a button on an ebay page. |
GrannyT | 06-20-2011 12:59 PM | As far as I remember you just click on the button. To find out open a new user account and then go through the process - if it goes wrong you've lost nothing and if it goes right you can come back and educate everyone here - simples!!
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