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Ebay - tax
Former Member
Posts: 1,876,323 The Mix Honorary Guru
If you buy a loada stuff cheaply and then sell it on ebay do you have to do those self declare tax things?
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But you dont have to start paying VAT unless you're doing £60k of business.
More important is income tax, if you're making money doing it, then technically you should pay tax and NI on it.
It depends what else you're earning, if you're not earning anything else then you need to get to about £4500 before you pay tax.
So, which is it?
On the inland revenue website probably.
If you are just selling your old possesions and having a bit of a clear out then no, it's not taxable.