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"So having a discussion tonight about this. Do u sellon ebay, Vintage or Gumtree and othr selling sites etc? Arranging Socials/Events etc? New Laws as of 1st Jan 2024 mean if u earn over £1000 in a year you need to declare to tax. How will this affect folk? I dont sell much on any platforms but have used fbook marketplace. So i need to keep a note if i sell and then declare if obver £1000. Bit of a mindfield. Would be interested to know others opinions on this. X" what does arranging socials or events have to do with selling platforms ? | |||
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"So having a discussion tonight about this. Do u sellon ebay, Vintage or Gumtree and othr selling sites etc? Arranging Socials/Events etc? New Laws as of 1st Jan 2024 mean if u earn over £1000 in a year you need to declare to tax. How will this affect folk? I dont sell much on any platforms but have used fbook marketplace. So i need to keep a note if i sell and then declare if obver £1000. Bit of a mindfield. Would be interested to know others opinions on this. X" | |||
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"So having a discussion tonight about this. Do u sellon ebay, Vintage or Gumtree and othr selling sites etc? Arranging Socials/Events etc? New Laws as of 1st Jan 2024 mean if u earn over £1000 in a year you need to declare to tax. How will this affect folk? I dont sell much on any platforms but have used fbook marketplace. So i need to keep a note if i sell and then declare if obver £1000. Bit of a mindfield. Would be interested to know others opinions on this. Xwhat does arranging socials or events have to do with selling platforms ? " If they make money from it the same rules apply I'd imagine | |||
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"Meanwhile Amazon and their likes continue to avoid paying their taxes" well this is it billion pound corporations with teams of lawyers weaseling through the loop holes so the don't declare how much they earned in this country and others so the pay the bare minimum while its funneled off into offshore shell accounts, which can't be touched by hmrc because they are registered in tax havens. mind the panama papers rich assholes scamming every fucker left right n center what was done sweet FA..... stepping off the soapbox now | |||
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"Meanwhile Amazon and their likes continue to avoid paying their taxes well this is it billion pound corporations with teams of lawyers weaseling through the loop holes so the don't declare how much they earned in this country and others so the pay the bare minimum while its funneled off into offshore shell accounts, which can't be touched by hmrc because they are registered in tax havens. mind the panama papers rich assholes scamming every fucker left right n center what was done sweet FA..... stepping off the soapbox now " Calm doon you. You'll get that chest hair aww sweaty | |||
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""They" can go take a fuck to themselves. I've already paid tax when I purchased the item. This stuff makes my blood boil. Folk trying to make a bit of £ flogging stuff from their attics and they're getting pumped for it." I knew I liked you, even more so now ( just being friendly don't rip me a new one ) | |||
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"Meanwhile Amazon and their likes continue to avoid paying their taxes well this is it billion pound corporations with teams of lawyers weaseling through the loop holes so the don't declare how much they earned in this country and others so the pay the bare minimum while its funneled off into offshore shell accounts, which can't be touched by hmrc because they are registered in tax havens. mind the panama papers rich assholes scamming every fucker left right n center what was done sweet FA..... stepping off the soapbox now Calm doon you. You'll get that chest hair aww sweaty " wish they had better laughing emojis on here. am calm as I said stepped off the soapbox before I have an anurism | |||
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"So having a discussion tonight about this. Do u sellon ebay, Vintage or Gumtree and othr selling sites etc? Arranging Socials/Events etc? New Laws as of 1st Jan 2024 mean if u earn over £1000 in a year you need to declare to tax. How will this affect folk? I dont sell much on any platforms but have used fbook marketplace. So i need to keep a note if i sell and then declare if obver £1000. Bit of a mindfield. Would be interested to know others opinions on this. Xwhat does arranging socials or events have to do with selling platforms ? If they make money from it the same rules apply I'd imagine " This is the new ruling : From January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regulations require these platforms to record and report the income of their sellers directly to HMRC It’s selling platforms nothing else as far as I can see | |||
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"So having a discussion tonight about this. Do u sellon ebay, Vintage or Gumtree and othr selling sites etc? Arranging Socials/Events etc? New Laws as of 1st Jan 2024 mean if u earn over £1000 in a year you need to declare to tax. How will this affect folk? I dont sell much on any platforms but have used fbook marketplace. So i need to keep a note if i sell and then declare if obver £1000. Bit of a mindfield. Would be interested to know others opinions on this. Xwhat does arranging socials or events have to do with selling platforms ? If they make money from it the same rules apply I'd imagine This is the new ruling : From January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regulations require these platforms to record and report the income of their sellers directly to HMRC It’s selling platforms nothing else as far as I can see " It also appears to cover commercial businesses that operate under the radar such as handymen,car valeting, hairdressers etc | |||
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"So having a discussion tonight about this. Do u sellon ebay, Vintage or Gumtree and othr selling sites etc? Arranging Socials/Events etc? New Laws as of 1st Jan 2024 mean if u earn over £1000 in a year you need to declare to tax. How will this affect folk? I dont sell much on any platforms but have used fbook marketplace. So i need to keep a note if i sell and then declare if obver £1000. Bit of a mindfield. Would be interested to know others opinions on this. Xwhat does arranging socials or events have to do with selling platforms ? If they make money from it the same rules apply I'd imagine This is the new ruling : From January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regulations require these platforms to record and report the income of their sellers directly to HMRC It’s selling platforms nothing else as far as I can see It also appears to cover commercial businesses that operate under the radar such as handymen,car valeting, hairdressers etc" il need to have a read at the full thing then | |||
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"Just make a name up go on gumtree post add take cash. You can probably make a name up for most platforms post a phone number that’s from a burner. Been selling stuff since I was a kid, I also do legitimate sales. " Gies some tabacca Del Boy. | |||
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"Just make a name up go on gumtree post add take cash. You can probably make a name up for most platforms post a phone number that’s from a burner. Been selling stuff since I was a kid, I also do legitimate sales. Gies some tabacca Del Boy." If I go back offshore I will drop you a pm I get these for my friends. | |||
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"There’s not a chance this will work! Even if folk did have to fill in a tax return for every sale would anyone put the right price in?…… If I sold something for one hundred pounds would write that down and loss 20 percent to tax?… no chance! If I had to then I would say I was haggled down to a tenner and let them have 20 percent of that! Who’s to say it didn’t sell for a tenner?…… will HMRC ask for the buyers details also?……. How can say gumtree report the sale to HMRC?…… You list an item the buyer comes to your places does the deal and leaves how does gumtree know the deal went through?………. Me thinks this is a load of BS " They will catch people out selling stuff if it’s not cash sale. I know they really want to clamp down on people making extra income and not paying tax. | |||
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"So having a discussion tonight about this. Do u sellon ebay, Vintage or Gumtree and othr selling sites etc? Arranging Socials/Events etc? New Laws as of 1st Jan 2024 mean if u earn over £1000 in a year you need to declare to tax. How will this affect folk? I dont sell much on any platforms but have used fbook marketplace. So i need to keep a note if i sell and then declare if obver £1000. Bit of a mindfield. Would be interested to know others opinions on this. X" Pretty sure you’ve always had to declare this. The new bit is firms will need to share their data with HMRC. If you’re regularly selling stuff for profit, you should check the tax impact. The bit folk forget is you should also deduct the cost of the items. So it’s a £1000 profit per year. Depending on how you acquired the item it could be capital gains or inheritance tax etc. | |||
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"Pretty sure you’ve always had to declare this. The new bit is firms will need to share their data with HMRC." Yep. There’s nothing new about having to declare any income over £1k a year. Where that income comes from is irrelevant. | |||
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"There’s not a chance this will work! Even if folk did have to fill in a tax return for every sale would anyone put the right price in?…… If I sold something for one hundred pounds would write that down and loss 20 percent to tax?… no chance! If I had to then I would say I was haggled down to a tenner and let them have 20 percent of that! Who’s to say it didn’t sell for a tenner?…… will HMRC ask for the buyers details also?……. How can say gumtree report the sale to HMRC?…… You list an item the buyer comes to your places does the deal and leaves how does gumtree know the deal went through?………. Me thinks this is a load of BS They will catch people out selling stuff if it’s not cash sale. I know they really want to clamp down on people making extra income and not paying tax. " Which is a bit ironic when us common folk are fucking skint, and having to sell our old stuff, due to the the rich fuckers conning us into keeping their savings tax free offshore. | |||
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"There’s not a chance this will work! Even if folk did have to fill in a tax return for every sale would anyone put the right price in?…… If I sold something for one hundred pounds would write that down and loss 20 percent to tax?… no chance! If I had to then I would say I was haggled down to a tenner and let them have 20 percent of that! Who’s to say it didn’t sell for a tenner?…… will HMRC ask for the buyers details also?……. How can say gumtree report the sale to HMRC?…… You list an item the buyer comes to your places does the deal and leaves how does gumtree know the deal went through?………. Me thinks this is a load of BS They will catch people out selling stuff if it’s not cash sale. I know they really want to clamp down on people making extra income and not paying tax. Which is a bit ironic when us common folk are fucking skint, and having to sell our old stuff, due to the the rich fuckers conning us into keeping their savings tax free offshore. " Yep, there's an incredible irony that the companies we sell through can hide their cash/move it to avoid tax, yet we get whacked! | |||
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"There’s not a chance this will work! Even if folk did have to fill in a tax return for every sale would anyone put the right price in?…… If I sold something for one hundred pounds would write that down and loss 20 percent to tax?… no chance! If I had to then I would say I was haggled down to a tenner and let them have 20 percent of that! Who’s to say it didn’t sell for a tenner?…… will HMRC ask for the buyers details also?……. How can say gumtree report the sale to HMRC?…… You list an item the buyer comes to your places does the deal and leaves how does gumtree know the deal went through?………. Me thinks this is a load of BS They will catch people out selling stuff if it’s not cash sale. I know they really want to clamp down on people making extra income and not paying tax. Which is a bit ironic when us common folk are fucking skint, and having to sell our old stuff, due to the the rich fuckers conning us into keeping their savings tax free offshore. Yep, there's an incredible irony that the companies we sell through can hide their cash/move it to avoid tax, yet we get whacked! " If your rich and on benefits your quids in. Other than that you’re fecked. | |||
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"There’s not a chance this will work! Even if folk did have to fill in a tax return for every sale would anyone put the right price in?…… If I sold something for one hundred pounds would write that down and loss 20 percent to tax?… no chance! If I had to then I would say I was haggled down to a tenner and let them have 20 percent of that! Who’s to say it didn’t sell for a tenner?…… will HMRC ask for the buyers details also?……. How can say gumtree report the sale to HMRC?…… You list an item the buyer comes to your places does the deal and leaves how does gumtree know the deal went through?………. Me thinks this is a load of BS They will catch people out selling stuff if it’s not cash sale. I know they really want to clamp down on people making extra income and not paying tax. Which is a bit ironic when us common folk are fucking skint, and having to sell our old stuff, due to the the rich fuckers conning us into keeping their savings tax free offshore. Yep, there's an incredible irony that the companies we sell through can hide their cash/move it to avoid tax, yet we get whacked! If your rich and on benefits your quids in. Other than that you’re fecked. " Is like masters and serfs. They have the money, fuck us over, and we can't do anything about it. Revolution now! | |||
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"There’s not a chance this will work! Even if folk did have to fill in a tax return for every sale would anyone put the right price in?…… If I sold something for one hundred pounds would write that down and loss 20 percent to tax?… no chance! If I had to then I would say I was haggled down to a tenner and let them have 20 percent of that! Who’s to say it didn’t sell for a tenner?…… will HMRC ask for the buyers details also?……. How can say gumtree report the sale to HMRC?…… You list an item the buyer comes to your places does the deal and leaves how does gumtree know the deal went through?………. Me thinks this is a load of BS They will catch people out selling stuff if it’s not cash sale. I know they really want to clamp down on people making extra income and not paying tax. Which is a bit ironic when us common folk are fucking skint, and having to sell our old stuff, due to the the rich fuckers conning us into keeping their savings tax free offshore. Yep, there's an incredible irony that the companies we sell through can hide their cash/move it to avoid tax, yet we get whacked! If your rich and on benefits your quids in. Other than that you’re fecked. Is like masters and serfs. They have the money, fuck us over, and we can't do anything about it. Revolution now! " Just reality unfortunately, if the government could tax the air we breathe they would. | |||
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"There’s not a chance this will work! Even if folk did have to fill in a tax return for every sale would anyone put the right price in?…… If I sold something for one hundred pounds would write that down and loss 20 percent to tax?… no chance! If I had to then I would say I was haggled down to a tenner and let them have 20 percent of that! Who’s to say it didn’t sell for a tenner?…… will HMRC ask for the buyers details also?……. How can say gumtree report the sale to HMRC?…… You list an item the buyer comes to your places does the deal and leaves how does gumtree know the deal went through?………. Me thinks this is a load of BS They will catch people out selling stuff if it’s not cash sale. I know they really want to clamp down on people making extra income and not paying tax. Which is a bit ironic when us common folk are fucking skint, and having to sell our old stuff, due to the the rich fuckers conning us into keeping their savings tax free offshore. Yep, there's an incredible irony that the companies we sell through can hide their cash/move it to avoid tax, yet we get whacked! If your rich and on benefits your quids in. Other than that you’re fecked. Is like masters and serfs. They have the money, fuck us over, and we can't do anything about it. Revolution now! Just reality unfortunately, if the government could tax the air we breathe they would. " Rishi Sunak probably would, if he could | |||
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"So having a discussion tonight about this. Do u sellon ebay, Vintage or Gumtree and othr selling sites etc? Arranging Socials/Events etc? New Laws as of 1st Jan 2024 mean if u earn over £1000 in a year you need to declare to tax. How will this affect folk? I dont sell much on any platforms but have used fbook marketplace. So i need to keep a note if i sell and then declare if obver £1000. Bit of a mindfield. Would be interested to know others opinions on this. Xwhat does arranging socials or events have to do with selling platforms ? If they make money from it the same rules apply I'd imagine This is the new ruling : From January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regulations require these platforms to record and report the income of their sellers directly to HMRC It’s selling platforms nothing else as far as I can see " eBay already sends you a tax statement so I'm sure they are prepared to report it easily to HMRC | |||
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""They" can go take a fuck to themselves. I've already paid tax when I purchased the item. This stuff makes my blood boil. Folk trying to make a bit of £ flogging stuff from their attics and they're getting pumped for it." I believe it’s only if you’re making a regular income from it and not buying to resell, I doubt selling your old stuff would be affected. | |||
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""They" can go take a fuck to themselves. I've already paid tax when I purchased the item. This stuff makes my blood boil. Folk trying to make a bit of £ flogging stuff from their attics and they're getting pumped for it. I believe it’s only if you’re making a regular income from it and not buying to resell, I doubt selling your old stuff would be affected. " Away you with your reasonable and calm explanation! I need something to get angry and shouty about! | |||
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"Meanwhile Amazon and their likes continue to avoid paying their taxes well this is it billion pound corporations with teams of lawyers weaseling through the loop holes so the don't declare how much they earned in this country and others so the pay the bare minimum while its funneled off into offshore shell accounts, which can't be touched by hmrc because they are registered in tax havens. mind the panama papers rich assholes scamming every fucker left right n center what was done sweet FA..... stepping off the soapbox now Calm doon you. You'll get that chest hair aww sweaty " Calm soon? From the person that wants them to take a flying fuck to themselves? | |||
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"Meanwhile Amazon and their likes continue to avoid paying their taxes well this is it billion pound corporations with teams of lawyers weaseling through the loop holes so the don't declare how much they earned in this country and others so the pay the bare minimum while its funneled off into offshore shell accounts, which can't be touched by hmrc because they are registered in tax havens. mind the panama papers rich assholes scamming every fucker left right n center what was done sweet FA..... stepping off the soapbox now Calm doon you. You'll get that chest hair aww sweaty Calm soon? From the person that wants them to take a flying fuck to themselves? " These new tablets are still kicking in. Mood is a bit variable. Bare with me... | |||
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"So having a discussion tonight about this. Do u sellon ebay, Vintage or Gumtree and othr selling sites etc? Arranging Socials/Events etc? New Laws as of 1st Jan 2024 mean if u earn over £1000 in a year you need to declare to tax. How will this affect folk? I dont sell much on any platforms but have used fbook marketplace. So i need to keep a note if i sell and then declare if obver £1000. Bit of a mindfield. Would be interested to know others opinions on this. X" You really think they’re going to check? The HMRC are already massively understaffed. Again, it’s another stab at the wee man rather than getting lawyers in about the big corps that actually diddle the system. K | |||
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"Meanwhile Amazon and their likes continue to avoid paying their taxes well this is it billion pound corporations with teams of lawyers weaseling through the loop holes so the don't declare how much they earned in this country and others so the pay the bare minimum while its funneled off into offshore shell accounts, which can't be touched by hmrc because they are registered in tax havens. mind the panama papers rich assholes scamming every fucker left right n center what was done sweet FA..... stepping off the soapbox now Calm doon you. You'll get that chest hair aww sweaty Calm soon? From the person that wants them to take a flying fuck to themselves? These new tablets are still kicking in. Mood is a bit variable. Bare with me... " I was criticising - was lmao! X | |||
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