Will HMRC really come after me for selling old 着せる/賦与するs? Why it's ありそうもない you'll be 税金d

  • From 1 January, online 壇・綱領・公約s have to 報告(する)/憶測 (警察などへの)密告,告訴(状) to HMRC?
  • However, the 税金 支配するs for individual 販売人s remain 不変の?
  • We explain what it means to be an online 仲買人??

The taxman is 割れ目ing 負かす/撃墜する on online resellers who use 数字表示式の 壇・綱領・公約s to make extra cash and fail to 宣言する it as income.

New 支配するs which (機の)カム into 軍隊 on 1 January 要求する 壇・綱領・公約s to collect (警察などへの)密告,告訴(状) about 使用者s, which they will have to 報告(する)/憶測 on 直接/まっすぐに to HMRC from January 2025.

HMRC already had the 力/強力にする to request this (警察などへの)密告,告訴(状), but new 支配するs mean it will happen automatically - making it easier for the taxman to go after resellers who are failing to 支払う/賃金 税金.

Target? Online clothes resellers are more likely to be flagged to HMRC as potentially needing to pay tax - but the rules around when tax is owed have not changed

的? Online 着せる/賦与するs resellers are more likely to be flagged to HMRC as 潜在的に needing to 支払う/賃金 税金 - but the 支配するs around when 税金 is 借りがあるd have not c hanged?

However, the new 支配するs have led to some 混乱 over whether it means people doing a (疑いを)晴らす-out, or selling unwanted gifts, will be stung with 付加 税金s.

We explain why the new 支配するs will have little to no 影響 on the 普通の/平均(する) online 販売人, and what it really means to be an online 仲買人.

What are the new 支配するs and why have they changed?

From 1 January, 数字表示式の 壇・綱領・公約s that 許す people to sell goods or services will have to collect (警察などへの)密告,告訴(状) about any income made by their 使用者s.

From next January, 壇・綱領・公約s will have to 報告(する)/憶測 this (警察などへの)密告,告訴(状) 直接/まっすぐに to the 税金 office for the calendar year 2024.

Once HMRC has this (警察などへの)密告,告訴(状), it can 株 it with other 税金 当局 abroad which have also 調印するd up to the 支配するs.?

It would mean that people renting out a home abroad through a 壇・綱領・公約 like Airbnb or 転売するing items on eBay would be 軍隊d to 従う.?

But as is already the 事例/患者, they will only need to 支払う/賃金 税金 if their 収入s 違反 a 確かな threshold.?

HMRC can already ask 壇・綱領・公約s for this (警察などへの)密告,告訴(状), but the new 支配するs are ーするつもりであるd to make the 過程 quicker and more e fficient.

Most importantly, it does not create any new 税金 義務s for individuals selling online.?

The 支配するs about who needs to 宣言する income, who 登録(する)s for self-査定/評価 and how much people 税金 people 支払う/賃金 remain 不変の.

If you've already been 宣言するing your income to HMRC because it's over the 現在の 貿易(する)ing allowance or 資本/首都 伸び(る)s 税金 (CGT) allowance, then you don't need to do anything 異なって.

Instead, the 支配するs will make it easier to 的 people who have slipped under the レーダ and not 宣言するd income made through these 壇・綱領・公約s.

> What is 資本/首都 伸び(る)s 税金 and how much will I 支払う/賃金???

Do I have to 支払う/賃金 税金 if I sell 着せる/賦与するs on eBay or Vinted?

Tax bill: There have been no changes made to what tax is paid by people selling online on sites such as eBay or Vinted

税金 法案: There have been no changes made to what 税金 is paid by people selling online on 場所/位置s such as eBay or Vinted

The introduction of these new 支配するs has led many to believe that they will need to 支払う/賃金 税金 on selling unwanted items or gifts online.

HMRC itself says you could be classed as a '仲買人' if you 定期的に sell goods or services through an online marketplace, meaning that you would have to 支払う/賃金 税金 on anything you make over £1,000.

However, it is わずかに more 複雑にするd than this. If you sell old 着せる/賦与するs a few times, you're ありそうもない to be stung.

It all depends on what you are selling, why you're selling and whether you're making a 利益(をあげる).

If you're doing a (疑いを)晴らす out of old 着せる/賦与するs you no longer want, and at いっそう少なく than they cost to buy, then you are not going to be classed as a '仲買人'.

What are the nine badges of 貿易(する)???

The nine badges of 貿易(する) help to 決定する whether someone is?

  • 利益(をあげる) 捜し出すing 動機
  • the number of 処理/取引s
  • the nature of the 資産
  • 存在 of 類似の 貿易(する)ing 処理/取引s or 利益/興味s
  • changes to the 資産
  • the way the sale was carried out
  • the source of 財政/金融
  • interval of time between 購入(する) and sale
  • method of 取得/買収.

Who is classed as an online 仲買人?

Unfortunately, there is no one 鮮明度/定義 of what 構成するs a 貿易(する), which is why the new 支配するs have 原因(となる)d some panic.

Toby Tallon, 税金 partner at wealth and accountancy 会社/堅い Evelyn Partners, says: 'These 支配するs have have been around for years. There aren't hard and 急速な/放蕩な 支配するs and there's no statutory 鮮明度/定義 of a 貿易(する).'

You can, however, use the 'badges of 貿易(する)' 実験(する)s, which are used by HMRC to help 決定する whether an activity is a 貿易(する)ing activity.

These 含む whether a 販売人 is 捜し出すing to make a 利益(をあげる) and the number of 処理/取引s. If it is a one-off sale, you are ありそうもない to be classed as a 仲買人.

However, it's not as simple as ticking a few of the badges and hoping HMRC will 受託する it is not a 貿易(する).

One 事例/患者 設立する that a film director on 商売/仕事 abroad bought 1million rolls of 洗面所 paper and then sold it on his return to the UK and made a 利益(をあげる) of £11,000. In this 事例/患者, it was (疑いを)晴らす the only 目的 of 転売するing was for a 利益(をあげる).

Tallon says all nine 実験(する)s need to be consider, with 負わせる 割り当てるd to each 実験(する), and in the 一連の会議、交渉/完成する, depending on the circumstances.

HMRC gives other examples of when you might have to 登録(する) for self-査定/評価 as a 仲買人 and 支払う/賃金 所得税.

Someone making greetings cards in their spare time, first at cost price, and then for 利益(をあげる), would be 貿易(する)ing as they're selling with the 意向 of making a 利益(をあげる).

It also 言及するs to someone who collects model cars, and いつかs buys and sells them but also looks for 交換(する)s. The 交換(する)s are designed to 完全にする a 始める,決める, which are more 価値のある than individual models.

When they have a 完全にする 始める,決める, they 申し込む/申し出 it for sale or a 交換(する) to make a 利益(をあげる). HMRC says this is likely to be 分類するd as 貿易(する)ing.

Tallon says that as a general 支配する, if you consider something as a 味方する hustle then it is probably considered a 貿易(する).

Reselling: If you're buying and selling to make a profit you will be considered a trader

転売するing: If you're buying and selling to make a 利益(をあげる) you will be considered a 仲買人?

What 税金 do you have to 支払う/賃金 if you're a 仲買人?

If you are a 仲買人, you are given a 貿易(する)ing allowance which 許すs you to turn over £1,000 before 支払う/賃金ing 税金.

Tallon says: 'To keep things simple, you can have a 封鎖する £1,000 deduction but that means you can't (人命などを)奪う,主張する any other expenses. It's a 代用品,人 so it's on turnover on 利益(をあげる).'

This means that anything you 告発(する),告訴(する)/料金 will be 含むd within this £1,000, 含むing any postage and 一括ing 料金s.

?The new 支配するs mean that anyone making 30 処理/取引s in one calendar year will likely be flagged as a 可能性のある 仲買人

'If you had what you thought was a 本物の 味方する hustle, then you would have turnover but also have costs against that - the cost of buying, 改善するing, 修理ing, 蓄える/店ing.

'If you 告発(する),告訴(する)/料金 an extra £5 to send in the 地位,任命する, you'd sell for £100 加える that £5 for expenses. That 貿易(する)ing allowance means you can't (人命などを)奪う,主張する expenses.'

If you make over £1,000 in a year, you would need to 登録(する) for self-査定/評価.

Do you have to 支払う/賃金 税金 if you're not a 仲買人?

If you're 確かな you do not 会合,会う the threshold for 貿易(する)ing, then you will not 支払う/賃金 所得税.?

If you are selling unwanted 着せる/賦与するs it would not be 支配する to any 税金 義務/負債 if it's not making a 利益(をあげる).?

Have you got a question about selling online??

Email editor@thisismoney.co.uk?

However, if you're selling unwanted items that could sell for a 利益(をあげる) - 絵s, antiques, jewellery - you may be liable to 支払う/賃金 資本/首都 伸び(る)s 税金 (CGT).?

Tallon: 'If you 相続するd an antique (米)棚上げする/(英)提議する and 議長,司会を務めるs from your granny and they were really nice but you no longer 手配中の,お尋ね者 them, you might sell them.?

'If that was the only thing you did, the badges of 貿易(する) 実験(する) would probably mean it wouldn't be a 貿易(する), as there was no 意向 to make a 利益(をあげる), it was a one-off and you didn't buy them.

'This wouldn't 落ちる into 所得税, it would 落ちる into CGT 支配するs.'

The CGT 支配するs say that individual items 価値(がある) いっそう少なく than £6,000 are 除外するd, so if sold they will not 誘発する/引き起こす a 税金 義務/負債.

More often than not, if you're selling something secondhand it'll be going for いっそう少なく than what you bought it for.?

Tallon says HMRC tends to ignore 'hobby' activities that tend to lead to a loss like this, because it could then be (人命などを)奪う,主張するd as an expense.

類似して, selling unwanted personal 所有/入手s doesn't count as taxable income.?

Are you profiting? More often than not, if you're selling something secondhand it'll be going for less than what you bought it for? - and this means you are unlikely to be liable for tax

Are you 利益(をあげる)ing? More often than not, if you're selling something secondhand it'll be going for いっそう少なく than what you bought it for? - and this means you are ありそうもない to be liable for 税金

When will HMRC be 通知するd?

The new 支配するs mean that anyone making 30 処理/取引s in one calendar year will likely be flagged as a 可能性のある 仲買人.?

It is 不明瞭な whether this is 30 処理/取引s per 壇・綱領・公約 or across all online 壇・綱領・公約s.

It's important to remember that the 壇・綱領・公約s themselves are not making a call on whether someone is using it as a 味方する hustle, but 報告(する)/憶測ing 単独で on the number of 処理/取引s.

Tallon says: 'The 報告(する)/憶測ing 義務s from 壇・綱領・公約s is about the number of sales. It is not a judgment of whether it's a 貿易(する) or not a 貿易(する), and within the CGT 政権. They're not 存在 asked to do that.

'That 報告(する)/憶測ing doesn't mean they're 説 you have a 貿易(する) and HMRC will やむを得ず take that on. HMRC 推定する/予想するs you to 報告(する)/憶測.'

Instead, it is more likely that 壇・綱領・公約s will 通知する HMRC of 使用者s making more than 30 処理/取引s in a year, and send '軽く押す/注意を引く' letters reminding 仲買人s that they need to 宣言する income.

Tallon says: 'If you make 30 処理/取引s on a particular 壇・綱領・公約 you should 推定する/予想する a letter from HMRC asking for 解明.'

The 税金 義務/負債s for 販売人s have not changed, but HMRC, 経由で these new 支配するs, will now have a better idea of who is making some extra cash online.

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