Ebay Power Sellers & Revenue & Customs

[Ian M]

Don't know if anyone else saw it in the papers but, a small story saying Revenue & Customs are going to start to look at Ebay Power Sellers.

It seems they are going to be chasing people for undeclared taxes & it also says possible capital gains taxes too. It also looks like Ebay are going to be giving them all the information they require to chase people.

[Kaz]

Didn't see it Ian, but would be interested to know which paper it was in so I can go see if I can find it online for a read

[Ian M]

News of the World Kaz.

[Ian M]

This is the link to the story........................http://www.newsoftheworld.co.uk/notw/_n ... llers.html

[JSR]

This is a good thing. The rest of us have to abide by tax rules, ebay shouldn't be a loophole.

[purpledragon]

This isnt new one of my customers is the guy in my area who takes you to court for tax evasion his advice to me has always been " for god sake brett make sure you declare all online sales especially ebay because the tax guys check and will catch up with you eventually " You're right JSR it is a good thing but then its been happening for a while so what differance it makes in getting rid of those who under charge who knows. I will say though if any of you out there are one of the people who think they will never be caught you will be eventually. Even if you gave up today the tax man can find you years later.

[John G]

This is good news - it might level the playing field a little.

Surely anyone that sells stuff on ebay on a regular basis must be registered as a business seller and therefore pay taxes anyway.

[phoenixalpha]

Jeez... some people have a real dislike of "ebay traders"... Surely your product should compete quality and price. It's what the market can bear and if you are charging £9 for a mug, that someone else is charging £8 for and they are of a similar quality, its up to you to bridge that gap someway. Ebay is ebay and if its not ebay, it'll be at a market somewhere... if its not there - it'll be someone you know and word of mouth.

[gstk]

I'm all for it - if you dont play the game fair you have to take your medicine!!

[JSR]

Jeez... some people have a real dislike of "ebay traders"... Surely your product should compete quality and price. It's what the market can bear and if you are charging £9 for a mug, that someone else is charging £8 for and they are of a similar quality, its up to you to bridge that gap someway. Ebay is ebay and if its not ebay, it'll be at a market somewhere... if its not there - it'll be someone you know and word of mouth.

I'm not sure I understand. If someone is flouting tax regulations in order to undercut you, are you saying it's up to the legitimate folk to flout those same regulations in order to compete?