As a private seller on ebay .ie.Do i have to pay goverment tax to sell items on ebay OR is there a cash limit?

I want to sell some items on ebay .ie and ebay.co.uk.(dvds and video games,unused tools,odds and ends, etc)I am a private account ebay holder in ireland.Not a business seller.Do i have to pay government tax to sell my items OR is there a cash limit per week/month/year etc before i become liable for tax.

Both comments and pings are currently closed.

2 Responses to “As a private seller on ebay .ie.Do i have to pay goverment tax to sell items on ebay OR is there a cash limit?”

  1. b says:

    legally yes. BUT, only when you have made a enough money for tax man to worry about you.

    In other words yes you should pay tax, but unless you make bucket fulls of money the tax man will not worry about you

  2. Lucy says:

    As a private seller you shouldn’t be selling lots of items (in excess of a 100 a month).

    The HMRC guidelines state that you are a private seller if:
    •you sell occasional, unwanted personal items through Internet auctions or classified advertisements
    •you attend a car boot sale once a year to sell unwanted household items.

    You have a tax free allowance of £6, 475, so if you are not earning over this amount you won’t pay tax.

    If you are selling lots of items (over 100 a month) with an intention of making a profit (buying to sell, selling other people’s products for commission etc) you should hold a business account and therefore pay tax!

    As you said you are just selling bits and bobs from around the house which you don’t use no longer and therefore do not need to pay tax unless the money you profit from them exceeds £6,475.

    Don’t worry about the taxman!

    Hopefully that helped you! 🙂

Powered by WordPress | Designed by: free css template | Thanks to hostgator coupon and web hosting reviews