![]() |
HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Good ,Ebay,Gumtree etc where originally intended for people selling items they no longer needed, not for people to set up online companies making large tax free profits
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
About time
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
i think the government should have all our Ebay, Gumtree and Bargain Pages account details.
just incase we unknowingly have too much money. and it'll be handy for them to be monitoring us so we don't have to worry about anything. we should also tax the air. |
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Conservatism 2.0, picking on the little guy
We're still all in this together ? Right? |
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Little guy?
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Also from the article
Quote:
http://www.telegraph.co.uk/finance/p...t-pay-tax.html |
Re: HMRC targets Etsy, eBay and Gumtree sellers
I suppose this means everything will become more expensive on these sites..
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
It means that there will be less people bothering. and Ebay will put the prices up to make up the profit losses.
---------- Post added at 23:06 ---------- Previous post was at 23:03 ---------- Quote:
Now's a good time to bring out the pavement tax. |
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
scouts xmas post tax and church roof fund tax '''''''''''''''''''''''' The tax man's taken all my dough, And left me in my stately home, Lazing on a sunny afternoon. And I can't sail my yacht, He's taken everything I've got, All I've got's this sunny afternoon. |
Re: HMRC targets Etsy, eBay and Gumtree sellers
The real 'small' guys will have nothing to fear and little (if anything) to pay. Of course if there's a few 'faces' behind numerous small, accounts making lots of money they're not declaring then they might have something to worry about. That's as it should be I'd have thought.
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Well, considering some of the posts, HMRC could recoup a fortune with a "talking bolleaux" tax*.
HMRC are going after people who run businesses but don't declare this as income, not Joe Public with occasional sales.... (*I would probably be on the Higher Rate....:D) |
Re: HMRC targets Etsy, eBay and Gumtree sellers
So if l decide to sell some of my prized DVD collection l am fine then Hugh?.
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Thanks for that lads as if he do decide to sell 30/40 of my DVD's at least there is nothing to worry about.
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Wondering how this will apply to all those businesses being run through Ebay out of China..:erm:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
How long before the DWP get in on it and class it as income/earnings.
they could deduct say 50p in the pound at the end of every financial year. but as they'll have access to your accounts you don't need to do any adding up. they'll do it for you. |
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
Shame they don't make as much effort going after them, after all how many successful prosecutions were there in the last parliamentary term ? The answer by the way, is 1 |
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
HMG, HMRC and rafts of lawyers have been working very hard to deal with evasion and aggressive avoidance. That's not to say that more can't/shouldn't/won't be done and indeed HMRC has only just announced they're effectively giving up on fines for late returns etc. to concentrate on more important matters. Odd that, when they're only interested in chasing the little guys according to you. Many large and aggressive avoidance schemes have been closed down and £billions of tax reclaimed so to claim they're doing very little is nonsense. The truth is, however, that by the nature of these complex schemes and companies which base their affairs offshore, for example, is that the rules are incredibly complex and it's extremely difficult to do anything about them without international agreements. The problem isn't the will to go after these people/schemes etc. it's the complexity of the rules (both UK and internationally) which allow all sorts of means by which to exploit them. Only days ago this was announced: http://www.professionaladviser.com/p...n-hmrcs-sights and there have been numerous other examples of schemes used by the wealthy to unfairly avoid tax. http://www.ibtimes.co.uk/hmrc-recove...odgers-1474061 Quote:
http://www.ft.com/cms/s/0/80219afa-a...#ixzz3bo0sVi5s Quote:
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
So the rules are complex and difficult? Well, change them then? The ones that can be changed that is. (I think this is starting to be done now but it shouldn't have taken as long as it has) So the late tax fines are scrapped, well whoop dee Mod Edit,please don't swear do Basil. I'm sure that will be of significant value to people as they find the wages aren't meeting their ever expanding costs. And to be honest, if the police said I'm sorry sir we don't have the resources to investigate the fact you were burgled as we're concentrating on a major murder enquiry I'd be cross as hell but it's understandable. The very simple fact of this whole entire argument is unfortunately that regardless of which bunch of misfits hold power, they will always serve the needs of big business first rather than the people who entrusted them into office. |
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
HMRC and the govt. don't determine prosecutions or interpret laws, courts do and often in ways which Govts. don't appreciate and cause them plenty of embarrassment. I dare say HMRC would welcome simpler national/international tax rules and stricter laws with harsher penalties but 'changing' them isn't as simple as you seem to think. The fact remains that they're expending a good deal of effort chasing the big fish and to claim otherwise is nonsense. |
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
Quote:
In 1 year alone there where considerably more successful prosecutions than 1 :rolleyes: |
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
So far as avoidance goes, I'd have thought prosecutions are always going to be more problematic than just securing the repayment of tax owed because the boundaries between what's acceptable avoidance and what isn't (i.e. what's legal and not) have to be tested before any scheme can be declared illegal. To be successfully prosecuted, I think there'd need to be proof that those involved in schemes which have been judged to be illegal after the event were fully aware of the illegality beforehand.
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
---------- Post added at 06:34 ---------- Previous post was at 06:32 ---------- Quote:
---------- Post added at 06:36 ---------- Previous post was at 06:34 ---------- Quote:
---------- Post added at 06:39 ---------- Previous post was at 06:36 ---------- Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
I guess you also need to take into the account of "prosecution" compared to the amount recovered.
But our laws, by the nature of our legal system, will always be complex. It would be nice to simply say you pay n% of earnings and that's it but there are exceptions with exceptions and folk will always try to pay less by using loop holes and exceptions so these have to be defined very precisely. |
Re: HMRC targets Etsy, eBay and Gumtree sellers
Well, governments will insist on using tax as a means of incentivising or disincentivising certain behaviours. If they would simply collect a proportion of wealth generated in order to fund essential state services, life would be much easier. But they don't, and a lot of HMRC's time is spent deliberating whether someone is behaving as the system encourages them to, or if they are hiding their tax liability and should therefore be pursued.
As usual where the Internets are concerned, a lot of people seem to think they are entitled to something for nothing, whereas money earned by an online business is just as taxable as money earned by a high street shop. |
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
---------- Post added at 20:11 ---------- Previous post was at 20:09 ---------- Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Quote:
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Very true Marty. Exploiting 'grey areas' is a large part of what being a lawyer or an accountant is all about. These rules are not simple or unequivocal so there's always plenty of room for 'interpretation' and only the courts can decide whether something's actually illegal or not. Even when they do rule there are often lengthy appeals and new judgements all of which goes to show just how difficult it is.
|
Re: HMRC targets Etsy, eBay and Gumtree sellers
Can't George Osbourne just take them out for lunch and sort it that way worked so well with big corporation's.
|
| All times are GMT. The time now is 08:14. |
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2026, vBulletin Solutions Inc.
All Posts and Content are © Cable Forum