I print a magazine as a hobby and sell it on Ebay: Do I need to 支払う/賃金 税金?

I self-publish an amateur fan magazine which I sell through subscription and on Ebay.?

I've always considered this a hobby rather than a 商売/仕事, as it has never made a 利益(をあげる) (and was never ーするつもりであるd to).

In the 早期に days, I had to support it financially from my 収入s from my day 職業.??

In 最近の years it has started to 支払う/賃金 for itself, as printing it has become cheaper. But it's still run as a 非,不,無-利益(をあげる) 操作/手術, 特に with the constant rises in postage costs.

I make an amateur fanzine which I sell on Ebay as a hobby - do I need to pay tax on it?

I make an amateur fanzine which I sell on Ebay as a hobby - do I need to 支払う/賃金 税金 on it??

Any '利益(をあげる)s' are invariably fed 支援する into the 過程, usually in the form of new 金物類/武器類 (I'm on my fourth laptop and about my twentieth printer).

My 関心 is this: if I 宣言する myself as a small 商売/仕事 but 終始一貫して show that I am running at either 無 利益(をあげる) or even at a loss, will the 税金 man start to think I'm running some 肉親,親類d of 反対/詐欺?

If the fanzine was an actual 商売/仕事 proposition it would probably have gone 破産者/倒産した years ago, but I've propped it up because it was 存在 run as a hobby. Do I need to とじ込み/提出する a 税金 return or not? P.W

Angharad Carrick of This Is Money replies: HMRC's new 規則s for online 壇・綱領・公約s have 原因(となる)d untold 混乱 for small 商売/仕事s, so I'm not surprised you're 不明瞭な on what the 支配するs are.

As it stands there is no new '味方する hustle 税金'.?The 支配するs 単に change how online selling 壇・綱領・公約s 報告(する)/憶測 (警察などへの)密告,告訴(状) about their 使用者s.?

壇・綱領・公約s like Ebay, Vinted and Etsy will now have to 知らせる HMRC about 販売人s who make 30 処理/取引s or more in one calendar year.

They will be flagged as a 可能性のある 仲買人, meaning they could be liable to 支払う/賃金 所得税 if they turn over £1,000 or more in a year and 登録(する) for self-査定/評価.

Your 事例/患者 is わずかに different. I'm 自信のない how many 処理/取引s you make per year, but given it's a subscription 商売/仕事 it will very likely 越える the 30 処理/取引 限界.

Online platforms like Ebay will have to report on users to HMRC from January 2025

Online 壇・綱領・公約s like Ebay will have to 報告(する)/憶測 on 使用者s to HMRC from January 2025?

This means HMRC is likely to be 知らせるd about your Ebay shop - but that doesn't やむを得ず mean you'll have to 支払う/賃金 税金.?

The 税金 office is looking for 'online 仲買人s' - people who are making a 利益(をあげる) that makes them 適格の to 支払う/賃金 税金, but failing to 宣言する their 収入s.

For 商売/仕事s that started like yours, it can be difficult to work out whether you're a 仲買人 or hobbyist.

We asked two accountants for their 見解(をとる)s on what you should do.

物陰/風下 Murphy, managing director of The Accountancy 共同, says:?This has been a ありふれた question now that 壇・綱領・公約s are 要求するd to 報告(する)/憶測 data on their 使用者s.?

What has changed is 数字表示式の 壇・綱領・公約s like Ebay now need to tell HMRC about what their 使用者s are up to, but the 税金 支配するs 港/避難所't changed.

Anyone with a hobby only needs to 登録(する) for self-査定/評価 and start telling HMRC about what they earn if the total untaxed income from their hobby is more than £1,000 in a 税金 year, which runs from 6 April to 5 April.

That £1,000 threshold 量 is called the 貿易(する)ing Allowance. Income is the 量 received before 税金 is paid, or any 商売/仕事 expenses are deducted.

If self-雇うd income for a 税金 year is more than £1,000 then 登録(する)ing with HMRC and 完全にするing a self-査定/評価 is 要求するd. But if self-雇うd income is below £1,000 in a 税金 year, then 登録 is not 要求するd.

Anybody who needs to 登録(する) for self-査定/評価 has two choices: they can either (人命などを)奪う,主張する 税金 救済 on expenses and only 支払う/賃金 税金 on the 利益(をあげる)s left once expenses are deducted, or (人命などを)奪う,主張する the £1,000 貿易(する)ing Allowance against the total inco me and 支払う/賃金 税金 on the 量 that is left.

This means, for example, if a hobby has an income of £2,000 with expenses of £500, (人命などを)奪う,主張するing 税金 救済 on the expenses would mean 税金 must be paid on £1,500 利益(をあげる).

But if the 貿易(する)ing allowance of £1,000 is chosen, 税金 will only be paid on £1,000. It is important to know which choice to make to be as 税金-efficient as possible.

> Who needs to とじ込み/提出する a 税金 return in January???

Online secondhand clothes sellers are unlikely to have to pay any tax as they sell at a loss

Online secondhand 着せる/賦与するs 販売人s are ありそうもない to have to 支払う/賃金 any 税金 as they sell at a loss

Yogesh Dhanak of the 協会 of 借り切る/憲章d Certified Accountants, says: If the 'hobby income' is turning 利益(をあげる)s, this is usually taxable under the miscellaneous 所得税 支配するs if it is not a fully 商業の 貿易(する)ing activity - in other words, an activity carried out with a 見解(をとる) to making a 利益(をあげる).

There is a 税金-解放する/自由な 貿易(する)ing and Miscellaneous Income Allowance of £1,000 that can be taken advantage of if the income is up to this level ? and in this 事例/患者 there is no need to 知らせる HMRC.

However, if the income (before any expenses are deducted) is more than this, you should 登録(する) for self-査定/評価 as a 単独の 仲買人.

There are also 資本/首都 allowances 利用できる that can be 始める,決める off against the income for その上の 税金 救済 ? this would 適用する to the 投資 in 器具/備品, such as laptops and printers.

HMRC can 否定する 税金 救済 on losses you 背負い込む on a 'hobby,' however. So if you are caught under the HMRC 税金 支配するs, now might be the time to 再考する the way you run this 操作/手術 to try and turn it into a fully 商業の 貿易(する)ing activity.?

This would mean that 未来 losses may be 利用できる for 救済 against your other income.

Reinvesting the 利益(をあげる)s does not in itself absolve you from 報告(する)/憶測ing to HMRC, so you would have to 宣言する it - but you can take advantage of the 税金 救済s on reinvesting into 資本/首都 器具/備品.

HMRC would not be bothered about 利益(をあげる)s (or even losses) until you 現実に made a (人命などを)奪う,主張する to 始める,決める those losses against other income - this is technically known as sideways loss 救済.

This is where HMRC would look into the losses and decide whether it is still a 'hobby' (in which 事例/患者 there would be no sideways loss 救済) or a proper '貿易(する)' which does 許す loss 救済.

Put another way, once you are 登録(する)d with HMRC you have nothing to worry about with regard to flagging losses.?

But if you don't 登録(する), and the (警察などへの)密告,告訴(状) for 商売/仕事 activity comes 直接/まっすぐに from other sources such as Ebay, then there is a 危険 of HMRC querying why you 港/避難所't 宣言するd. This is of course 支配する of those 貿易(する)ing allowance 限界s as について言及するd earlier.

We would always say it is best to 言及する to an accountant who can give you tailored advice on your 状況/情勢.

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