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Mar 19, 2024 · In this comprehensive technical guide, we dive into: Key reasons for changing your established eBay seller name and the considerations around this decision. A step-by-step walkthrough of how to change your name on eBay.
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- What is HMRC and why is it important? HMRC is the UK's tax authority, responsible for collecting taxes and ensuring compliance with tax regulations. As an eBay private seller, you are required to declare and pay taxes on your earnings from selling on eBay.
- Understanding the tax obligations for eBay private sellers. As a private seller on eBay, you are classified as a self-employed individual or a sole trader.
- Registering as a self-employed individual. If you're selling on eBay regularly and making a profit, you must register as self-employed with HMRC. This process is relatively straightforward and can be completed online.
- Keeping track of your earnings and expenses. To accurately report your earnings and expenses to HMRC, it's essential to keep detailed records. This includes tracking your sales, fees paid to eBay, packaging and shipping costs, and any other expenses related to your eBay business.
Aug 27, 2020 · Their find-a-member help form says when clicked members name and address is wanted - Ebay say this service is deprecated, meaning no longer available. Only eBay would use the word deprecated. What do it do now>.
Feb 8, 2022 · Some of the key points include: Your company name and address. Your trading names (if any) Company registration number VAT number (if applicable) The type of company you are (sole trader, partnership, limited company etc.) Once you have registered your account, eBay will require you to provide proof that the information is correct.
What sellers should know. As a UK resident, when you sell over £1,740 or surpass 30 sales transactions within a calendar year, eBay is obliged to report certain personal or business information to HMRC in accordance with the UK digital sales reporting legislation. eBay will notify you when you have crossed these thresholds.
Your listing title should include important info like the player’s name, the release year, and the product name. Key parallels (e.g., chrome, silver, purple etc.) or serial number information is important, if applicable, while other details like the player’s team are great if you have space.
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Tax policy. Understand your tax responsibilities as a seller on eBay. eBay and Form 1099-K. Form 1099-K is an IRS form for reporting applicable payments received within a calendar year, and applies to US based sellers. Your VAT obligations in the UK & EU.
