claimbankchargesback
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If this was a short term thing, ie she will stop when she has run out of stock, she can probably get away with how.
However, its a permanent thing, then legaly she should declare herself as self employed and pay tax. She could get away with it for a while, but if she gets caught she could end up with a huge backdated tax bill and fines. |
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ChocLover
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Oh dear! Yes, she is liable to pay tax so if she doesn't declare it herself and they find out she will be in trouble! |
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¸¸.•*´`*♥Emma♥*´`*•.¸¸
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I know your game - You are going to grass her up to the inland revenue as revenage - Naughty Naughty - But yes she needs to pay Tax! |
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hakuna matata
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This smacks of sour grapes to me? Its her life and your not now a part of it. The inland Revenue believe me will soon come down on her if she operates illegally, as they know all the scams. Time for you to move on. Good luck! |
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Melc
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Bitter, Yes I thinks so.
Against the Law, definantly. |
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Tax Chap
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Basically, buying goods to sell on eBay is no different to trading on the High Street from a shop.
Therefore, this is a taxable source of income.
Now whether her profits cover her annual personal allowances, currently £5,225, is another matter. If her TOTAL TAXABLE INCOME is below that figure, then there is no tax due but she should still inform HMRC that she is trading. |
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Steve B
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That's her problem (or at least it soon will be:-) )
Inland Revenue will catch up with her sooner or later
FYI - they monitor newspaper small ads, car boot sales and auction sites (including eBay) and check out any name / address / phone number / car registration number that turns up on a regular basis |
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eriverpipe
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Yes of course she is.... |
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Richard C
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Hi its HMRC here.
Just to let you know your wife has won a prize (something big shiney and expensive).
Let us know her address and we'll get it posted.
Cheers
HMRC |
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linda
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YES it is income and must be declared and tax paid. |
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