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Sep 28, 2021 · Nothing to worry about. You are not trading for profit. eBay will automatically send a record of your sales activity to HMRC in January 2025 if you sell 30+ items or either approximately £1700 in sales revenue for the year 2024. You won't have any tax to pay.
May 8, 2021 · Should I sell my items as an auction on eBay? Or as a Buy It Now listing? This is the most common question I am asked routinely by both new and longtime resellers alike. It may seem like a very simple question with an easy answer, but that, unfortunately, is not the case.
Jul 24, 2023 · Understanding eBay’s Selling Format. eBay offers two main selling formats: Auction and Buy It Now. Each format has its own advantages and disadvantages, and it is important to choose the right one for your item to maximise your sales potential. Auction
- Think Like a Buyer. The key to setting up and maintaining a successful eBay store is to understand how the platform operates from the buyer's perspective.
- Search Top-Selling Items. At its inception, eBay was a marketplace for people to sell everything from the mundane to the outright weird. Since the early days, eBay’s millions of independent sellers have evolved to offer everything from luxury goods and services to top-shelf electronics.
- Know Your Listing Fees. If you or someone you know was on eBay in the early days, chances are they spent a good amount of time perfecting their bidding game.
- Price Your Items For Profit. If you’re selling your products elsewhere, re-crunch the numbers for eBay and adjust your prices to cover store and listing costs.
Nov 17, 2021 · I’ll start with the biggest question — “what should I sell on eBay?” If you’re just taking the first step with eBay, you’re probably wondering what sells well, what doesn’t have much competition, or what the “next big thing” could be.
If your total sales on eBay exceed €2000, or roughly £1700, after fees. If you complete 30 or more sales transactions on eBay. In general, selling personal items is not taxed if they’re below £6,000 and you’re not selling as part of a business. See more guidance from HMRC.