Cable Forum - HMRC targets Etsy, eBay and Gumtree sellers

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Jimmy-J

31-05-2015 14:44

HMRC targets Etsy, eBay and Gumtree sellers

Quote:

Such websites are being forced to hand over customer account details, including their selling activity, as part of the Revenue’s legal powers that were extended last year.

This type of information gathering has enabled the taxman to target 14,000 individuals it suspects of failing to declare profits on their self-assessment tax returns, the Revenue confirmed.

Using extensive new powers introduced last year, HMRC can download people’s account information and even force sellers to pay tax that is disputed or subject to an inquiry.

http://www.telegraph.co.uk/finance/p...y-taxable.html

martyh

31-05-2015 17:38

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

v0id	31-05-2015 17:48

Re: HMRC targets Etsy, eBay and Gumtree sellers

About time

Gary L

31-05-2015 20:20

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.

Sirius

31-05-2015 20:24

Re: HMRC targets Etsy, eBay and Gumtree sellers

Quote:

Originally Posted by Gary L (Post 35780788)

They already do its called the TV tax :D

mrmistoffelees

31-05-2015 20:32

Re: HMRC targets Etsy, eBay and Gumtree sellers

Conservatism 2.0, picking on the little guy

We're still all in this together ? Right?

Osem	31-05-2015 20:47

Re: HMRC targets Etsy, eBay and Gumtree sellers

Quote:

Originally Posted by mrmistoffelees (Post 35780790)

Conservatism 2.0, picking on the little guy

We're still all in this together ? Right?

You have no idea how 'little' these people are. Those who evade their tax certainly aren't in this together.

nomadking

31-05-2015 21:06

Re: HMRC targets Etsy, eBay and Gumtree sellers

Little guy?

Quote:

John Woolfenden failed to pay almost £300,000 in tax on his DVD and games business, in a high-profile case designed to put off would-be evaders.

Hugh	31-05-2015 21:12

Re: HMRC targets Etsy, eBay and Gumtree sellers

Also from the article

Quote:

People who register their account as a “business seller” on websites such as eBay or Amazon are among the likely targets.

Another article in the Telegraph with a more in-depth explanation (9 point test).

http://www.telegraph.co.uk/finance/p...t-pay-tax.html

Maggy

31-05-2015 21:27

Re: HMRC targets Etsy, eBay and Gumtree sellers

I suppose this means everything will become more expensive on these sites..

Gary L

31-05-2015 22:06

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:

Originally Posted by Sirius (Post 35780789)

They already do its called the TV tax :D

Eveyone's stopping paying that now :D

Now's a good time to bring out the pavement tax.

papa smurf

01-06-2015 06:11

Re: HMRC targets Etsy, eBay and Gumtree sellers

Quote:

Originally Posted by Gary L (Post 35780810)

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 ----------

Eveyone's stopping paying that now :D

Now's a good time to bring out the pavement tax.

look out for Jumble sale tax

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.

Osem	01-06-2015 07:11

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.

Hugh	01-06-2015 07:23

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)

denphone

01-06-2015 07:35

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?.

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