Giving Ebay your NI Number
Discussion
Ebay wants my NI number to pass to HMRC as I've sold over £1,740 worth of items this year.
I'm not a trader and won't be making more than £1,000 profit this tax year.
If I don't comply I think they stop me selling stuff, but still let me buy Chinese spytat.
Not sure I want HMRC randomly taxing all my sales at 40% and sending me threatening s
t every 5 minutes.
Any private sellers had to divulge their NI number?
Any issues with it, or was it all just fine and dandy?
I'm not a trader and won't be making more than £1,000 profit this tax year.
If I don't comply I think they stop me selling stuff, but still let me buy Chinese spytat.
Not sure I want HMRC randomly taxing all my sales at 40% and sending me threatening s
t every 5 minutes.Any private sellers had to divulge their NI number?
Any issues with it, or was it all just fine and dandy?
Exiled Imp said:
I like the human way it's written... 'or quietly offloading an unwanted Christmas present...' etc.It's more to catch those operating as a 'business' but not declaring so. There are lots of ebay accounts showing as 'personal' and not business accounts when it's clear they're operating a business.
If HMRC write to you, you simply tell them you are not a business and that should be it. If they want to dig further I'm sure that your previous sold items will display good various of the kind you'd normally shift that are no longer wanted.
If HMRC write to you, you simply tell them you are not a business and that should be it. If they want to dig further I'm sure that your previous sold items will display good various of the kind you'd normally shift that are no longer wanted.
tele_lover said:
Create a second and third eBay account?
Need home address linked to credit or debit card to register, so having more than 1 account is tricky unless it's made by someone else for you to use.Which is also tricky.
Current plan is to stall them like a stalling stally thing that's stalling.
I'm hoping that they cba to enforce this and are happy just to send you loads of constant nagging reminders to do it.
Feckers.
Hugo Stiglitz said:
1k profit on 1.7k? 
wow!
Do you really want ebay passing on your account details and fines etc from non-declared income etc?
You can earn up to £1,000 tax free anyway: https://www.gov.uk/guidance/tax-free-allowances-on... wow!Do you really want ebay passing on your account details and fines etc from non-declared income etc?
Simpo Two said:
You can earn up to £1,000 tax free anyway: https://www.gov.uk/guidance/tax-free-allowances-on...
Income, not profit with the trading allowance. 55palfers said:
I thought you only paid tax on profits, not sales value.
How do HMRC plan to calculate that I wonder.
And won't they be inundated by millions of eBay submissions.
If only they taxed Amazon et al on sales eh.
They won't calculate anything - they will ask you to confirm if you are trading or not.How do HMRC plan to calculate that I wonder.
And won't they be inundated by millions of eBay submissions.
If only they taxed Amazon et al on sales eh.
If you are just "selling your old stuff" then it's not an issue.
OIC said:
Ebay wants my NI number to pass to HMRC as I've sold over £1,740 worth of items this year.
I'm not a trader and won't be making more than £1,000 profit this tax year.
If I don't comply I think they stop me selling stuff, but still let me buy Chinese spytat.
Not sure I want HMRC randomly taxing all my sales at 40% and sending me threatening st every 5 minutes.
Any private sellers had to divulge their NI number?
Any issues with it, or was it all just fine and dandy?
Firstly HMRC have far bigger fish to fry.I'm not a trader and won't be making more than £1,000 profit this tax year.
If I don't comply I think they stop me selling stuff, but still let me buy Chinese spytat.
Not sure I want HMRC randomly taxing all my sales at 40% and sending me threatening s
t every 5 minutes.Any private sellers had to divulge their NI number?
Any issues with it, or was it all just fine and dandy?
However there's no guarantee you won't get picked up for a random check in which case
1. If it's just random ad-hoc selling then you've genuinely got nothing to worry about.
2. If it's a side hustle and generates you a nice little income then there's always the (very small) risk you'll get caught.
Countdown said:
Firstly HMRC have far bigger fish to fry.
However there's no guarantee you won't get picked up for a random check in which case
1. If it's just random ad-hoc selling then you've genuinely got nothing to worry about.
2. If it's a side hustle and generates you a nice little income then there's always the (very small) risk you'll get caught.
If it's a side hustle and you disclose your NI number then I'd say you be heading into very choppy waters. However there's no guarantee you won't get picked up for a random check in which case
1. If it's just random ad-hoc selling then you've genuinely got nothing to worry about.
2. If it's a side hustle and generates you a nice little income then there's always the (very small) risk you'll get caught.
TownIdiot said:
If it's a side hustle and you disclose your NI number then I'd say you be heading into very choppy waters.
The OP may well be an open and honest guy who pays all his taxes (in which case it's not an issue).OTOH if he wants to avoid paying taxes on his side-hustle he can either
1. Withdraw selling from Ebay which (I'm guessing) would put a dent on his income
2. Give Ebay his NI number and take the (extremely small) risk that he's going to get caught
Can't you just declare a loss on any SA tax return, therefore you won't be liable for tax? i.e if you are selling off unwanted items, in a lot of cases you will be making a loss. Even a brand new item will in nearly all cases sell for less than regular retail price.
So if you sell £1k or more genuinely privately annually (and not as a business), you should be fine. No way HMRC will be able to determine how much you originally paid for an item.
Unless I'm missing something very obvious.
So if you sell £1k or more genuinely privately annually (and not as a business), you should be fine. No way HMRC will be able to determine how much you originally paid for an item.
Unless I'm missing something very obvious.
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