This Content Was Last Updated on November 5, 2015 by Jessica Garbett
A reminder that HMRC have people selling on “E-markets”, basically Ebay and Amazon, in their sights at the moment to check they are correctly registered for tax.
HMRC have served disclosure notices on E-Market operations recently requesting customer detail, and will be following up on the regular sellers.
Remember:
~ you only have to register for tax if you are trading – disposing of personal possessions doesn’t count.
~ you can usually include your e-market turnover in the turnover of your regular business, but remember to declare for VAT etc.
~ irregular selling is unlikely to be a trade.