[Brucklay]

I sold a few bit on ebay when we did the self build - all the stuff over or that I bought incorrectly - better than going to waste and I buy clothes off ebay, boots and fleeces of the makes I know so no worry on the sizing - good fun

[doganjo]

My son breeds fish and sells them on Ebay, he also makes food for water snails.  He used to breed snails and sell them but there's not such a market for them now and he lost all his breeding stock overnight a short time ago.  I think it can be addictive,

[Bangbang]

EBAY CITY 3   GUMTREE UNITED 6

[MAK]

Zilch, rien, nichts

I have never even opened e-bay ( or facebook) but I hear that you can sell anythingon e-bay.
heard of peole on benefits makng a fortne buying and seling on stuff via e-bay.

Do you have to pay tax on e-bay profit ?

I knew of a woman who bought disney fluffy toils from the USA and sold them for a massive profit on e-bay. Her front room was like a factory with boxes, tape and packing everywhere.

[Lesley Silvester]

I sold a caravan awning and other accessoriis but didn't get what I wanted for them.   Bought loads of stuff.  Been looking at knitting yarn but it goes for quite a high price.

[doganjo]

Do you have to pay tax on e-bay profit ?

Yes, you are supposed to pay tax on ANY and ALL income in the UK, and the HMRC do random checks too.  My son submits an annual self assessment form as well as paying PAYE on his salary at work.  So you should keep records of purchase price/value, sale price, date of sale and purchase, any other expenses - it's the net figure that is taxable but if you don't have those details and the HMRC catch up with you they will hammer you for tax on the sales values as they are traceable on eBay.  Ebay cooperate fully with HMRC.

[Sandy]

The stuff that I sold payed for stuff I bought as I left money in Pay Pal, I stopped buying off E Bay as I found it hard to change payment methods, both me and my husband had our seperate cards registered on Pay Pal but he had his bank details, so everything I bought came out of his bank account and not my card, no idea of how to change that and before anyone says its easy, I even rang E Bay and its not that easy so I try not to use it unless I put the money in my husbands account, we live on a tight budget and his wage pays the morgage and his train fare so extra outgoings hurt!!!!

E Bay is great fun though and fantastic for people with mobility issues, I used to love shopping but am finding it harder and harder due to back issues, whats nicer than  browsing for stuff and having a parcel arrive, we ordered loads of things that have arrived the next day, that ALWAYS impresses me!!!!!  IF, I had money now I would be on there!!!

[robert waddell]

e bay will be the next thing hmrc will look at     on the e bay accounts or paypal if buying the payment is instantaneous   if selling they hold on to your money for a few weeks before lodging in your bank also the costs are quite high

[princesspiggy]

The stuff that I sold payed for stuff I bought as I left money in Pay Pal, I stopped buying off E Bay as I found it hard to change payment methods, both me and my husband had our seperate cards registered on Pay Pal but he had his bank details, so everything I bought came out of his bank account and not my card, no idea of how to change that and before anyone says its easy, I even rang E Bay and its not that easy so I try not to use it unless I put the money in my husbands account, we live on a tight budget and his wage pays the morgage and his train fare so extra outgoings hurt!!!!

u can link more than one bank account to your ebay account, then can choose where money comes from and goes in.
after the first account, u usually need to verify the 2nd or more accounts (probly cos of money laundering etc), and to do that u need to confirm it online with paypal when u add extra bank account. they then send u money on a certain day ie 6p on the 10th march, and u have to tell paypal these figures (6p, 10/ 3/ 2012) within a week or so, which proves u r the bank account holder. its not hard but it took me 2 attempts to do it have the patience to do it properly. then they activate ur other bank account.

there r business accounts on ebay but i havent got that far yet.

[Sandy]

Thanks for that, I gave up after several attempts, next time I have money I will have a go....no worry with the TAX man here, if we earnt more than we declaired we would certainly have more than we have!!!! Just cleared out Tax bill up to date thankfuly!!

[danielwt]

Usually electronics I discover I don't really need Not much else though, I have sold about 10 things orso, although I have been registered there for 8 years I think 

[MAK]

Thanks for the heads up re e-bay and tax.
I reckon the HMRC will really start to rake in the £s from e-bay as it must be a massive source of Tax revenue or at least they can rake make benefits from those who earn more than x£ from e-bay.
Glad I have never used it now.

[northfifeduckling]

not quite as massive as some bankers....

[MAK]

yes true - their earnings are immoral too. If you run an e-bay business from home then you should pay tax - especially if you are on benefits.

[doganjo]

Thanks for the heads up re e-bay and tax.
I reckon the HMRC will really start to rake in the £s from e-bay as it must be a massive source of Tax revenue or at least they can rake make benefits from those who earn more than x£ from e-bay.
Glad I have never used it now.

Don't fear selling on sites such as Ebay - keep records and you will probably find that you don't make any profit anyway.  Remember, it's the NET figure that is taxed - for instance, say you bought a coat 10 years ago for say £25 and don't wear it any more but it's still, serviceable, then sell it on ebay for £5 plus £3  p & p - you've actually made a loss of £17!!!  All your figures are added together for that tax year to 5th April so you could have either a profit or a loss over the whole year.