This shouldn’t affect the majority of people. From memory, you can earn £1,000 from hobbies etc before you need to start paying tax.
For those it does affect, they should be paying the appropriate tax on their earnings anyway.
I imagine there are a lot of people who run an Airbnb, make quite a lot of money and don’t pay tax on their income.
This will only really affect small timers. Most people making money from doing this will already be declaring the income in some way.
I’m sure the recent announcement of a recruiting freeze with an already stretched HMRC will no way negatively affect this deployment.
Good luck on this one.
I’m surprised it took the government this long.
I know of people who were going around car boot sales back in the 00s getting cheap stuff and then listing it on ebay. Etsy could be even worse, get a £20 bit of furniture paint it grey and flog it for £200.
As for Airbnb I know of people renting their houses out to tenants and not telling the taxman so there’ll no shortage of Airbnb types doing the same.
Does my butthole on onlyfans count as ‘goods’? Asking for a friend.
eBay and these other sites should give you the option to pay tax automatically each time you sell something, like they do in America. Personally I think the trade allowance of £1,000 is too low but remember that is profit, not total sales. If you’re selling personal items for example electronics and say it’s your own stuff, you can sell each item for up to £6,000 without paying any taxes.
If something has a limited lifespan so any electronics, you don’t need to pay capital gains on these.
I’m surprised they haven’t had it until now, I worked on the backend to share sale and listing information with customs agencies world wide circa 2009.
[removed]
Oh no!
People who currently avoid paying tax will soon have to pay tax.
My heart bleeds.
eBay have had information feeds from HMRC for a long time (source: I worked for HMCE/HMRC between 2000-2010) so this isn’t news.
This is a bit confusing.
People, companies who sell on eBay and other platforms they already pay a lot. They pay different kind of fees to these sites on top of the delivery cost. It only possible to make a good profit if you can sell during promotional periods when the seller fee is cheaper. I believe every two weeks on eBay. eBay takes a huge chunk with its fees. And now on top of all, HMRC wants its share too…I wonder how many people is going to leave these online platforms. Or if they decide to stay, they must bump up the prices. Sellers and buyers all going to suffer!
About the small individual people like me who like to sell a couple of times a year usually when I sell my phone or my laptop to buy a new one I can easily can get over that £1000 limit. By the way I have already paid tax when I bought my stuff and now when I sell it (and I am not even making profit, because it is impossible to ask more than the original price was) I have to declare it, tax it, pay the platform fees, delivery fees and HMRC want all my information (data collection like the online safety bill) No point to sell form this point. All these junk will end up in the bin and we are going to make more waste.
I though after people in UK voted Brexit that was the lowest point in UK history. Boy I was wrong…so wrong. UK is getting worse and worse to live here. It is a shame that a decent country become like this. There is no proper word to describe this situation or there is but if I say I would definitely get banned.
HMRC already know about the goods I sell online because I tell them every year and I pay tax on the profits I report.
How about they actually use the tax to improve the country instead of pocketing it all and giving it to their mates first, before trying to bleed more money out of people that are already struggling to get by.
Better yet, how about make the mega corps actually pay tax instead of targeting the little guy?
Hopefully somebody tells Amazon.
The filthy money-laundering bastards.
I don’t understand how people still shop there without feeling complicit.
So, VPN, emails registered overseas and an offshore bank account for everyone then.
The Tories no doubt in an attempt to terrify their favourite victims one again (the poor), denying them a few measly pounds here and there, which rich folk would legally be able to just claim as expenses and such like, so they will have to take up three zero hours contracts 50 miles from home in three different directions – they have put this story out that they’re coming after us for one last good licking before we punch their lights out at the polls!
Unless you’re in a PPE VIP lane; Teeside Freeport; in or married to a government minister – then remember tax is for the plebes.
Can we sort out the big business before chasing ndividuals?
It’s like Amazon are committing genocide but we are going after Jeff who shop lifted once. Madness.
Everyone hating, some people have jobs and do these things on the side to make ends meet.
Why are the government not going after multi billion pound companies?
Or their scammy PPE friends?
I’m on UC & PIP, due to planning a head…I just passed the threshold of 16k (they were informed I had savings as grandparents passed and I’ve tried not to touch the money as it would go towards a deposit) What didn’t help was it took 4yrs to get my PIP sorted and they back dated it so that took me over, plus I had been selling bits and bobs of my old stuff on ebay…what are my best options…to just come off UC now or something else? its only over by a couple 100
It’s right they are doing this but why aren’t they closing loopholes which allow corporations and rich people to avoid tax? All this is going to do is clog up the system because I can imagine they will be going after 10s of thousands of people if not more.
Just a government PR piece to scare people.
Remember about a decade ago when a few people got done for tax evasion and it was in _loads_ of media – I think it was like a hairdresser, a builder, a taxi driver. Typical group of self employed people who regularly don’t declare income. They just used them as an example, a scare tactic. Loads of people with similar jobs still regularly under report their income, which came back to bite a lot of them when covid hit and they needed income help from the government. Oops..
They’ll probably go after a handful of sellers just to make it look like the tactic is working, but nowadays I’d be surprised if they have the resources to even bother going that far.
All the while multimillionaires are allowed to use tax loopholes and trusts without issues to avoid paying billions in taxes, but fuck you if you dare try to make a few extra quid on the side.
chasing after hobbyists for a couple hundred quid but quite happy to let Amazon off the hook, sounds about right
“Websites will have to collect data about sellers. For individuals, this will be their name, address, date of birth and national insurance number, “
WTAF!!!
I own some radio controlled cars, its been my hobby for the best part of 30 years. Ive accumulated a lot, and theres some value there. Were having a baby this month and Ive been slowly selling these, mainly for space but also extra funds. Some of these Ive had years, some I bought last month. Is this going to affect me? I sold around £3000 worth last month according fo eBay?
Good to this is to clobber Air B&B owners, influencers pushing side hustles – e.g. arbitraging between Supermarket prices and online prices to shift stuff on Amazon, other side hustles such as people pushing affiliate codes and Tik Tok clout scoring views (and monetization) and things such as OnlyFans. Everyone has to pay tax unfortunately lmao & tragically the country is in desperate need of it right now. Nobody should be getting a free ride and I don’t care how many followers you have. Now just arm HMRC appropriately.
They will know and they will do fuck all because they have no staff.
I collect horror blu ray and dvd. I often:
– Buy a blu ray and sell the dvd
– Buy a blu ray boxset and sell the individual blu ray
– Buy a DVD boxset and sell the individual DVD
– Go through my collection and clear a load of items out
– Give items away
– Give items to charity
It’s not a business. I use the money to buy other blu ray and dvd, but I often take an overall loss.
How does this work under the new rules? Everything I sell is a personal possession I no longer need.
Edit – Forgot to add, I checked my eBay and sold £2100 of items in the past year
If everything I sell is considered an income, everything I buy becomes a business expense. So I’ll have my VAT back please.
EBay have been grassing people up for tax for years.
Anyway, much of eBay’s ‘casual trading’ is selling of goods you already bought, so you are almost always selling at a loss.
Actually, surely you could offset that loss against your tax and reduce your tax bill, so this is a good thing ‽
Millions enter illegally, but don’t worry, our online snoopers are watching.
I sell a lot of stuff on eBay it’s all my and my family’s old junk will they even care? how can I or my relatives remember what we paid for the stuff to know if we’ve made a profit or not?
What about all those people buying stuff at car boots and selling it on, where’s the proof of how much they paid for an item going to come from.
Hmrc are so greedy tax has already been paid on used stuff. I can understand if someone is selling new stuff why they’d want the tax
I occasionally use my account to sell used tripods and ten year old film cameras from the family business – might be £3-4k every year or so. Not trading, just disposing of old kit. Am I supposed to declare this?
This country just wants all your money. Then they spunk it on firework display at end of the year . Needs a proper uprising UK
This country just wants all your money. Then they spunk it on firework display at end of the year . Needs a proper uprising UK
So I take it Michelle Mone will be paying full tax on the income she received from the Medpro deal?
Would this apply to donations? For example, I hold a lot of car model specific information and give this information away to owners of this particular model when they ask. Occasionally they will send me a donation by way of a thank you.
Good to see that HMRC is willing to spend so much money to ensure the people barely scraping by pay their share instead of the actual people who should be paying their share.
God forbid the government tax people properly on their income
Cough cough only fans. Hmrc are going to have a field day with the amount of benefit claimants who have OF, and basically, all the OF, in fact, are all due a massive tax bill I can imagine
Actually might do something about scalpers. Those scummy little spunk bubbles have ruined the GPU market for everyone.
well, this will be RIP for many many many ebay sellers that exploit the system.
this is bigger than anyone thinks and I believe its gonna hit way bigger than HMRC expects. I tell you why:
I am in 2 completely different niches and I do sell on ebay. What I noticed and then found out from other people too is that no one gived an actual fuck about how many users you run, how much you make and so on. Ebay did ask you to put in an id and whatnot from time to time, but you were able to make thousands every month on normal, non-business accounts and NO ONE bothered you. Your could link your ebay accs to different bank accounts and so on.
In both of my niches this made real, tax paying businesses job harder as you are fighting your margins against people who dont pay taxes.
Seems they could investigate one tory donor who’s had a contract over covid and pull in more cash than the total from this.
But of course, Tories never tired of pissing our money away trying to squeeze any spare change out of the poor.
46 comments
This shouldn’t affect the majority of people. From memory, you can earn £1,000 from hobbies etc before you need to start paying tax.
For those it does affect, they should be paying the appropriate tax on their earnings anyway.
I imagine there are a lot of people who run an Airbnb, make quite a lot of money and don’t pay tax on their income.
This will only really affect small timers. Most people making money from doing this will already be declaring the income in some way.
I’m sure the recent announcement of a recruiting freeze with an already stretched HMRC will no way negatively affect this deployment.
Good luck on this one.
I’m surprised it took the government this long.
I know of people who were going around car boot sales back in the 00s getting cheap stuff and then listing it on ebay. Etsy could be even worse, get a £20 bit of furniture paint it grey and flog it for £200.
As for Airbnb I know of people renting their houses out to tenants and not telling the taxman so there’ll no shortage of Airbnb types doing the same.
Does my butthole on onlyfans count as ‘goods’? Asking for a friend.
eBay and these other sites should give you the option to pay tax automatically each time you sell something, like they do in America. Personally I think the trade allowance of £1,000 is too low but remember that is profit, not total sales. If you’re selling personal items for example electronics and say it’s your own stuff, you can sell each item for up to £6,000 without paying any taxes.
If something has a limited lifespan so any electronics, you don’t need to pay capital gains on these.
I’m surprised they haven’t had it until now, I worked on the backend to share sale and listing information with customs agencies world wide circa 2009.
[removed]
Oh no!
People who currently avoid paying tax will soon have to pay tax.
My heart bleeds.
eBay have had information feeds from HMRC for a long time (source: I worked for HMCE/HMRC between 2000-2010) so this isn’t news.
This is a bit confusing.
People, companies who sell on eBay and other platforms they already pay a lot. They pay different kind of fees to these sites on top of the delivery cost. It only possible to make a good profit if you can sell during promotional periods when the seller fee is cheaper. I believe every two weeks on eBay. eBay takes a huge chunk with its fees. And now on top of all, HMRC wants its share too…I wonder how many people is going to leave these online platforms. Or if they decide to stay, they must bump up the prices. Sellers and buyers all going to suffer!
About the small individual people like me who like to sell a couple of times a year usually when I sell my phone or my laptop to buy a new one I can easily can get over that £1000 limit. By the way I have already paid tax when I bought my stuff and now when I sell it (and I am not even making profit, because it is impossible to ask more than the original price was) I have to declare it, tax it, pay the platform fees, delivery fees and HMRC want all my information (data collection like the online safety bill) No point to sell form this point. All these junk will end up in the bin and we are going to make more waste.
I though after people in UK voted Brexit that was the lowest point in UK history. Boy I was wrong…so wrong. UK is getting worse and worse to live here. It is a shame that a decent country become like this. There is no proper word to describe this situation or there is but if I say I would definitely get banned.
HMRC already know about the goods I sell online because I tell them every year and I pay tax on the profits I report.
How about they actually use the tax to improve the country instead of pocketing it all and giving it to their mates first, before trying to bleed more money out of people that are already struggling to get by.
Better yet, how about make the mega corps actually pay tax instead of targeting the little guy?
Hopefully somebody tells Amazon.
The filthy money-laundering bastards.
I don’t understand how people still shop there without feeling complicit.
So, VPN, emails registered overseas and an offshore bank account for everyone then.
The Tories no doubt in an attempt to terrify their favourite victims one again (the poor), denying them a few measly pounds here and there, which rich folk would legally be able to just claim as expenses and such like, so they will have to take up three zero hours contracts 50 miles from home in three different directions – they have put this story out that they’re coming after us for one last good licking before we punch their lights out at the polls!
Unless you’re in a PPE VIP lane; Teeside Freeport; in or married to a government minister – then remember tax is for the plebes.
Can we sort out the big business before chasing ndividuals?
It’s like Amazon are committing genocide but we are going after Jeff who shop lifted once. Madness.
Everyone hating, some people have jobs and do these things on the side to make ends meet.
Why are the government not going after multi billion pound companies?
Or their scammy PPE friends?
I’m on UC & PIP, due to planning a head…I just passed the threshold of 16k (they were informed I had savings as grandparents passed and I’ve tried not to touch the money as it would go towards a deposit) What didn’t help was it took 4yrs to get my PIP sorted and they back dated it so that took me over, plus I had been selling bits and bobs of my old stuff on ebay…what are my best options…to just come off UC now or something else? its only over by a couple 100
It’s right they are doing this but why aren’t they closing loopholes which allow corporations and rich people to avoid tax? All this is going to do is clog up the system because I can imagine they will be going after 10s of thousands of people if not more.
Just a government PR piece to scare people.
Remember about a decade ago when a few people got done for tax evasion and it was in _loads_ of media – I think it was like a hairdresser, a builder, a taxi driver. Typical group of self employed people who regularly don’t declare income. They just used them as an example, a scare tactic. Loads of people with similar jobs still regularly under report their income, which came back to bite a lot of them when covid hit and they needed income help from the government. Oops..
They’ll probably go after a handful of sellers just to make it look like the tactic is working, but nowadays I’d be surprised if they have the resources to even bother going that far.
All the while multimillionaires are allowed to use tax loopholes and trusts without issues to avoid paying billions in taxes, but fuck you if you dare try to make a few extra quid on the side.
chasing after hobbyists for a couple hundred quid but quite happy to let Amazon off the hook, sounds about right
“Websites will have to collect data about sellers. For individuals, this will be their name, address, date of birth and national insurance number, “
WTAF!!!
I own some radio controlled cars, its been my hobby for the best part of 30 years. Ive accumulated a lot, and theres some value there. Were having a baby this month and Ive been slowly selling these, mainly for space but also extra funds. Some of these Ive had years, some I bought last month. Is this going to affect me? I sold around £3000 worth last month according fo eBay?
Good to this is to clobber Air B&B owners, influencers pushing side hustles – e.g. arbitraging between Supermarket prices and online prices to shift stuff on Amazon, other side hustles such as people pushing affiliate codes and Tik Tok clout scoring views (and monetization) and things such as OnlyFans. Everyone has to pay tax unfortunately lmao & tragically the country is in desperate need of it right now. Nobody should be getting a free ride and I don’t care how many followers you have. Now just arm HMRC appropriately.
They will know and they will do fuck all because they have no staff.
I collect horror blu ray and dvd. I often:
– Buy a blu ray and sell the dvd
– Buy a blu ray boxset and sell the individual blu ray
– Buy a DVD boxset and sell the individual DVD
– Go through my collection and clear a load of items out
– Give items away
– Give items to charity
It’s not a business. I use the money to buy other blu ray and dvd, but I often take an overall loss.
How does this work under the new rules? Everything I sell is a personal possession I no longer need.
Edit – Forgot to add, I checked my eBay and sold £2100 of items in the past year
If everything I sell is considered an income, everything I buy becomes a business expense. So I’ll have my VAT back please.
EBay have been grassing people up for tax for years.
Anyway, much of eBay’s ‘casual trading’ is selling of goods you already bought, so you are almost always selling at a loss.
Actually, surely you could offset that loss against your tax and reduce your tax bill, so this is a good thing ‽
Millions enter illegally, but don’t worry, our online snoopers are watching.
I sell a lot of stuff on eBay it’s all my and my family’s old junk will they even care? how can I or my relatives remember what we paid for the stuff to know if we’ve made a profit or not?
What about all those people buying stuff at car boots and selling it on, where’s the proof of how much they paid for an item going to come from.
Hmrc are so greedy tax has already been paid on used stuff. I can understand if someone is selling new stuff why they’d want the tax
I occasionally use my account to sell used tripods and ten year old film cameras from the family business – might be £3-4k every year or so. Not trading, just disposing of old kit. Am I supposed to declare this?
This country just wants all your money. Then they spunk it on firework display at end of the year . Needs a proper uprising UK
This country just wants all your money. Then they spunk it on firework display at end of the year . Needs a proper uprising UK
So I take it Michelle Mone will be paying full tax on the income she received from the Medpro deal?
Would this apply to donations? For example, I hold a lot of car model specific information and give this information away to owners of this particular model when they ask. Occasionally they will send me a donation by way of a thank you.
Good to see that HMRC is willing to spend so much money to ensure the people barely scraping by pay their share instead of the actual people who should be paying their share.
God forbid the government tax people properly on their income
Cough cough only fans. Hmrc are going to have a field day with the amount of benefit claimants who have OF, and basically, all the OF, in fact, are all due a massive tax bill I can imagine
Actually might do something about scalpers. Those scummy little spunk bubbles have ruined the GPU market for everyone.
well, this will be RIP for many many many ebay sellers that exploit the system.
this is bigger than anyone thinks and I believe its gonna hit way bigger than HMRC expects. I tell you why:
I am in 2 completely different niches and I do sell on ebay. What I noticed and then found out from other people too is that no one gived an actual fuck about how many users you run, how much you make and so on. Ebay did ask you to put in an id and whatnot from time to time, but you were able to make thousands every month on normal, non-business accounts and NO ONE bothered you. Your could link your ebay accs to different bank accounts and so on.
In both of my niches this made real, tax paying businesses job harder as you are fighting your margins against people who dont pay taxes.
Seems they could investigate one tory donor who’s had a contract over covid and pull in more cash than the total from this.
But of course, Tories never tired of pissing our money away trying to squeeze any spare change out of the poor.