EBAY NEW SELLING RULES?

[Taipan]

How do people feel about selling on ebay now that they have changed the rules and will be reporting you to the tax man if you sell over a grand! will it put people off selling bmx parts on there? I don't use Face-ache so was really the only place I sold anything bmx related  that I no longer needed for builds but I'll probs still use it to buy the odd part? what are you thoughts on this?

PS..be nice to see the sales and wanted part of this forum brought back to life 

[Midschoolfool]

Well to be fair some people are scalping products and making a fortune. So they should be taxed.

Something else I just noticed though. You see an item for sale at 25 quid. Cool. Go to buy it and another 2 quid or so gets tacked on. Realised yesterday it says "buyer protection".  wtf? cheeky bastuds. So now they are taking extra money for buyers to be protected.

[hotdog]

From what I read on the Inland Revenue website,it says bicycles are exempt from tax when sold on ebay as they are 'mechanical.
Also if you're just clearing out your old stuff out of the loft or de-cluttering then the Inland Revenue don't regard that as taxable either.
I believe the threshold is £1700 before ebay passes your details on to the tax man.

[Midschoolfool]

From what I read on the Inland Revenue website,it says bicycles are exempt from tax when sold on ebay as they are 'mechanical.
Also if you're just clearing out your old stuff out of the loft or de-cluttering then the Inland Revenue don't regard that as taxable either.
I believe the threshold is £1700 before ebay passes your details on to the tax man.

Yeah. TBH I would imagine they are targeting flippers.

I am a PC gamer. Have been for 30 years. Graphics cards at launch are now hot property, with some of them costing 2k retail. Problem is scalpers set up bots, buy them up and then flip on Ebay for double the price. And some idiot pays it. As such people are making like two grand tax free.

I also noticed recently that crab meat in tins is always sold out at like, Morrisons or Tesco etc. Some ahole then takes said crab meat costing 2 quid a tin and puts it on Amazon for 9 quid a tin.