ebay - the taxman commeth!!

Discussion in 'OT (OFF Topic) Forums' started by E CLASS, Jul 12, 2011.

  1. E CLASS

    E CLASS Active Member

    Messages:
    413
    Joined:
    Oct 16, 2008
    As I understand it ebay may very soon be handing over thousands of transaction records / details of traders on ebay UK to HMRC...

    The gov need to get this deficit down anyway we can I suppose.

    I think there will be a few rather nervous people out there in ebay land...
     
  2. SPX

    SPX MB Club Veteran

    Messages:
    16,091
    Joined:
    Aug 29, 2010
    Location:
    Yorkshire
    Car:
    That one
    It will be nearly impossible to police.

    How many transactions go through eBay? Millions.... And the police are going to sift through people who are selling their childrens clothes for 99p and ask for 20% tax?
     
  3. Harrythedog

    Harrythedog MB Enthusiast

    Messages:
    2,136
    Joined:
    May 8, 2011
    Location:
    Tynemouth
    Car:
    GLC 250 Sport Premium+
    Knowing this lot they'll probably just invent an EBay tax
     
  4. davidjpowell

    davidjpowell MB Enthusiast

    Messages:
    4,895
    Joined:
    Nov 8, 2007
    Location:
    Doncaster
    Car:
    Range Rover Vogue, Volvo XC60 and crappy Pug 307
    Nah - They will be looking for the big numbers I would think.. Powersellers beware ....
     
    2 people like this.
  5. Mr E

    Mr E MB Enthusiast

    Messages:
    1,593
    Joined:
    Jul 22, 2004
    Location:
    Sussex
    Car:
    57 W211 E280 AG
    Much easier than you think.

    Why would they bother with 99p transactions? They'll be looking at large individual transactions and those with large numbers of transactions. The Pareto Principle comes into play - 20% of the transactions yielding 80% of tax recovery.

    I know of a number of people, including a next door neighbour, who hide behind eBay accounts and make a good, undeclared living on the side. About time it was policed better.
     
    1 person likes this.
  6. OP
    OP
    E CLASS

    E CLASS Active Member

    Messages:
    413
    Joined:
    Oct 16, 2008
    Its not about policing its about looking at the historic data of the big'uns!

    I think there are a lot of very sweaty palms out there....
     
  7. Harrythedog

    Harrythedog MB Enthusiast

    Messages:
    2,136
    Joined:
    May 8, 2011
    Location:
    Tynemouth
    Car:
    GLC 250 Sport Premium+
    Disagree, always easier and cheaper to target the little people
     
  8. SPX

    SPX MB Club Veteran

    Messages:
    16,091
    Joined:
    Aug 29, 2010
    Location:
    Yorkshire
    Car:
    That one
    Mr E and E Class,
    I agree with the principal of what you are saying, but can you imagine how it would make eBay look? People would destroy their accounts within days and eBay would lose a fortune!

    And isn't their a law of some sort that stated that you can't be taxed on an item more than once. Hence this wouldn't affect second hand sales?
     
  9. davidjpowell

    davidjpowell MB Enthusiast

    Messages:
    4,895
    Joined:
    Nov 8, 2007
    Location:
    Doncaster
    Car:
    Range Rover Vogue, Volvo XC60 and crappy Pug 307
    Not in this instance I would suspect. HMRC resources are not infinite, so I could easily see them looking at where the big numbers are.

    Could be interesting results I think.
     
  10. Charles Morgan

    Charles Morgan MB Enthusiast

    Messages:
    8,207
    Joined:
    Feb 2, 2010
    Car:
    Mercedes 250CE W114, Alfa Romeo GT Coupe 3.2 V6
    You can be taxed endless times on the same, just watch the interest on your bank accounts. Wine too - if someone brokes wine on your behalf on which you have paid both duty and VAT the purchaser of the goods will have to pay VAT again etc.

    The whole issue is a simple one - if you make sufficient income from an activity you take on the badge of trade and your earnings are liable to tax like all other income. I very much doubt that someone selling cakes left over from Aunt Mabel's funeral will be liable, but a trader will have his income scrutinised.

    No problems with it at all.
     
  11. Harrythedog

    Harrythedog MB Enthusiast

    Messages:
    2,136
    Joined:
    May 8, 2011
    Location:
    Tynemouth
    Car:
    GLC 250 Sport Premium+
    That's why I said they'd probably bring in an eBay tax. That way they'd have instant access to all account holders. If they wanted the big hitters in money terms it would be easier for them to use information from Paypal.
    As you say though it'll be interesting to see how they go about it
     
  12. renault12ts

    renault12ts MB Club Veteran

    Messages:
    16,122
    Joined:
    Mar 5, 2009
    Car:
    2005 W215 CL500.
    As above, this is not for you and me, its for those making money. Selling the odd thing will not incur tax.
     
  13. DITTRICH

    DITTRICH MB Enthusiast

    Messages:
    1,675
    Joined:
    Apr 16, 2004
    Location:
    London
    Car:
    S205 C200SE & W202 C230K
    It is fairly easy to target the larger sellers. The evidence is there on the net. All HMRC have to do is to look at who is doing the actual buying and selling and check VAT registration and income tax / corporate tax / sole trader registrations. Some people will have to cough up their fair share. Nothing wrong with that.
     
  14. janner

    janner MB Enthusiast

    Messages:
    2,816
    Joined:
    Oct 13, 2003
    Car:
    E320 Turbo Technics
    Maybe they should cross reference ebay sellers that have large and/or multiple transactions and those claiming benefits.
     
    1 person likes this.
  15. Spinal

    Spinal MB Enthusiast

    Messages:
    4,793
    Joined:
    Sep 14, 2004
    Location:
    Uxbridge
    Car:
    Smart, S320 and C180 with 3-pointed stars amongst others
    Don't you have a tax free allowance? I reckon anyone selling the occasional item has nothing to worry about (yet)... it's the powersellers that need to beware!

    What I'm curious about is how it applies to extra-UK traders who sell in the UK. E.g. there are a lot of HongKong sellers posting on UK ebay...

    Also, give it some time and you'll see eBay fees rise again, this time as eBay gets asked to cover taxes for items sold on it's site...

    m.
     
  16. Robert-Black

    Robert-Black Member

    Messages:
    39
    Joined:
    Jun 19, 2011
    Location:
    Hertfordshire
    Car:
    W203 220 cdi A/G estate auto 05, Supra IV TT 95
    Agreed
     
  17. Palfrem

    Palfrem MB Enthusiast

    Messages:
    2,957
    Joined:
    Aug 11, 2005
    Location:
    Solihull, near Birmingham
    Car:
    W124 E36 AMG, G 300 GEL his, SLK 200 hers
    I wonder how many eBayers it takes to offset the lost tax from the likes of Cayman Islands, Jersey, Lichtenstein, Andorra etc.?
     
  18. HR17

    HR17 Active Member

    Messages:
    636
    Joined:
    Nov 27, 2008
    Location:
    West Mids
    Car:
    A Merc.
    They're not going to be after people making a few quid occasionally by selling their crap when they clear out their garages/lofts/desks etc. There are plenty of people making decent full or part time incomes from ebay who will be targeted.
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.