Onket
Junior Member
๐จ๏ธ 1,365
๐๐ป 1,720
January 2021
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mandem
New Member
๐จ๏ธ 264
๐๐ป 384
November 2022
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New HMRC rules for bedroom dealers, by mandem on Jan 5, 2024 14:20:33 GMT 1, People are often negative when they feel they are being taxed (and wonโt ever think taxation is fair) and that seems to have been the common view so far. Not everyone has to have the same views, but it looks like I am more open to accept tax as I donโt perceive as tax as evil, but inevitable. Sorry for not joining in and moaning about it. It was your brain dead comments about 'benefit cheats' that I was referring to. Straight out of the tabloids.๐คฆ
They've all got iPhones and Sky TV and all that though  People are often negative when they feel they are being taxed (and wonโt ever think taxation is fair) and that seems to have been the common view so far. Not everyone has to have the same views, but it looks like I am more open to accept tax as I donโt perceive as tax as evil, but inevitable. Sorry for not joining in and moaning about it. It was your brain dead comments about 'benefit cheats' that I was referring to. Straight out of the tabloids.๐คฆ
They've all got iPhones and Sky TV and all that though |
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New HMRC rules for bedroom dealers, by Happy Shopper on Jan 5, 2024 15:25:10 GMT 1, The real shame of all this is that it is going to seriously effect collectors of all kinds of things, not just art, or the stuff collected on here.
All kinds of things that people buy, sell, and buy moreโฆ stamps, watches, toysโฆ anything. Stuff people do as a hobby, for fun, which may end up lucrative, but wouldnโt be considered an โincomeโ.
The real shame of all this is that it is going to seriously effect collectors of all kinds of things, not just art, or the stuff collected on here.
All kinds of things that people buy, sell, and buy moreโฆ stamps, watches, toysโฆ anything. Stuff people do as a hobby, for fun, which may end up lucrative, but wouldnโt be considered an โincomeโ.
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New HMRC rules for bedroom dealers, by Art Prints Den on Jan 5, 2024 15:40:08 GMT 1, This is pathetic and very sad if true. Not enough real criminals in England to keep the fuzz busy apparently.
This is pathetic and very sad if true. Not enough real criminals in England to keep the fuzz busy apparently. |
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churchwood
New Member
๐จ๏ธ 765
๐๐ป 856
March 2016
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New HMRC rules for bedroom dealers, by churchwood on Jan 5, 2024 15:52:17 GMT 1, This is pathetic and very sad if true. Not enough real criminals in England to keep the fuzz busy apparently.
This is pathetic and very sad if true. Not enough real criminals in England to keep the fuzz busy apparently. Have you seen Hot Fuzz, I think this is a spoof account, although equally I wouldn't be surprised if it were true |
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Onket
Junior Member
๐จ๏ธ 1,365
๐๐ป 1,720
January 2021
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New HMRC rules for bedroom dealers, by Onket on Jan 5, 2024 16:31:47 GMT 1, This is pathetic and very sad if true. Not enough real criminals in England to keep the fuzz busy apparently.
This is pathetic and very sad if true. Not enough real criminals in England to keep the fuzz busy apparently. It's a spoof account, but very close to the bone on this occasion! |
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dannubs
New Member
๐จ๏ธ 499
๐๐ป 527
January 2019
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New HMRC rules for bedroom dealers, by dannubs on Jan 5, 2024 17:38:02 GMT 1, This is pathetic and very sad if true. Not enough real criminals in England to keep the fuzz busy apparently. It's a spoof account, but very close to the bone on this occasion!
This is pathetic and very sad if true. Not enough real criminals in England to keep the fuzz busy apparently. It's a spoof account, but very close to the bone on this occasion! I donโt remember a time when I didn't want to be a police officer... apart from the summer of 1979 when I wanted to be Kermit the Frog |
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New HMRC rules for bedroom dealers, by jenny gagosian on Jan 6, 2024 16:11:24 GMT 1, Looking for well endowed UK bedroom dealer wanting to move to the states ๐คฃ
Looking for well endowed UK bedroom dealer wanting to move to the states ๐คฃ
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Gunny
Junior Member
๐จ๏ธ 1,605
๐๐ป 1,118
July 2012
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New HMRC rules for bedroom dealers, by Gunny on Jan 6, 2024 19:00:57 GMT 1, In fairness who really cares if they inform HMRC, just submit a tax return and keep records of all your costs, I've had to do it for the last 13 years. In reality you could sell ยฃ50,000 on ebay but if you only make a gain of say ยฃ6,000 on the sale between you and your Mrs you won't even have to pay any tax assuming it's your only gain. If you're trading you probably want to incorporate your sales anyway in which case this won't apply as you'll be on a corporate account. All my companies run quickbooks so my entire bank feed goes straight into my VAT returns and end of year accounts. As much as I think HMRC are c**t, it's actually not that difficult to keep your affairs in order with a bit of tech and good systems.
In fairness who really cares if they inform HMRC, just submit a tax return and keep records of all your costs, I've had to do it for the last 13 years. In reality you could sell ยฃ50,000 on ebay but if you only make a gain of say ยฃ6,000 on the sale between you and your Mrs you won't even have to pay any tax assuming it's your only gain. If you're trading you probably want to incorporate your sales anyway in which case this won't apply as you'll be on a corporate account. All my companies run quickbooks so my entire bank feed goes straight into my VAT returns and end of year accounts. As much as I think HMRC are c**t, it's actually not that difficult to keep your affairs in order with a bit of tech and good systems. Quickbooks don't have software for the margin scheme or am i wrong? |
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LJCal
Junior Member
๐จ๏ธ 2,980
๐๐ป 4,523
December 2019
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New HMRC rules for bedroom dealers, by LJCal on Jan 6, 2024 19:12:18 GMT 1, In fairness who really cares if they inform HMRC, just submit a tax return and keep records of all your costs, I've had to do it for the last 13 years. In reality you could sell ยฃ50,000 on ebay but if you only make a gain of say ยฃ6,000 on the sale between you and your Mrs you won't even have to pay any tax assuming it's your only gain. If you're trading you probably want to incorporate your sales anyway in which case this won't apply as you'll be on a corporate account. All my companies run quickbooks so my entire bank feed goes straight into my VAT returns and end of year accounts. As much as I think HMRC are c**t, it's actually not that difficult to keep your affairs in order with a bit of tech and good systems. Quickbooks don't have software for the margin scheme or am i wrong?
In fairness who really cares if they inform HMRC, just submit a tax return and keep records of all your costs, I've had to do it for the last 13 years. In reality you could sell ยฃ50,000 on ebay but if you only make a gain of say ยฃ6,000 on the sale between you and your Mrs you won't even have to pay any tax assuming it's your only gain. If you're trading you probably want to incorporate your sales anyway in which case this won't apply as you'll be on a corporate account. All my companies run quickbooks so my entire bank feed goes straight into my VAT returns and end of year accounts. As much as I think HMRC are c**t, it's actually not that difficult to keep your affairs in order with a bit of tech and good systems. Quickbooks don't have software for the margin scheme or am i wrong? Unfortunately not neither does Xero last time I checked, I just use a spreadsheet for that, VAT on the margin scheme is pretty complex obviously you canโt claim on your inputs for items sold under the margin scheme but you can claim for general business expenses. Also the location of the buyer and the final destination of the piece is also relevant (as with standard VAT sales) so most accountant packages that I know of donโt cover it. |
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