https://www.theguardian.com/money/2024/ ... w-about-it
Basically, if you sell more than £1000 per year of goods, even second-hand sales(*), its potentially taxable, and will require you to include on tax returns. Online sales sites like ebay will be required to pass on your transactions info onto HMRC
(*) You may not have to pay tax on second-hand items if you sell them for less than they cost.
Basically, if you sell more than £1000 per year of goods, even second-hand sales(*), its potentially taxable, and will require you to include on tax returns. Online sales sites like ebay will be required to pass on your transactions info onto HMRC
(*) You may not have to pay tax on second-hand items if you sell them for less than they cost.
Statistics: Posted by whyterabbyt — Mon Jan 01, 2024 1:55 pm — Replies 0 — Views 43