Yep Ebay still manage to **** something up but thats another reason why Ebay should have some sort of regulation or at least have an independent body review the entire system.
Sure if ebay was state funded but ebay is a private company and should be able to do what they like.
Nothing to do with it? So they are not defrauding the tax man in any way then?
What about insurance, in some cases you would need a receipt to prove the value of the goods - yet the receipt will show a cheaper price than the true value.
There are a number of issues and as I said before it cant be justified.
Sorry about my rants been a long few weeks (back on the old 19 hour day) and am knackered and Ebay in my opinion has too many conmen on there.
You are taxed on your profits. If an item costs you £5.
You sell it for £1 plus £15 shipping.
Shipping costs you £2
Your profit is still £13 regardless how much you charge for shipping.
What ever you charge for goods, shipping, insurance, sex under the table, you still get taxed, none of them are exempt.
How is profit £13 if you have documents to show shipping cost £15 thats what i dont get. Or does it rely on the honesty of the seller.
Be honest with you all I have no idea how tax works, spent 18 years in financial market but never touched or bothered with tax and now have an accountant that does everything for me.
Linear Mode
October 2008
