Here is a link to my first video in this series talking about the review of Etsy, Ebay, Amazon, Facebook sellers and how this might impact you: ua-cam.com/video/kwCCYkmaPB8/v-deo.html
Thanks Rebecca. Thanks so much for the tutorial BUT as a 78-year-old (very, very worried Ebay seller) I am desperately trying to pay HMRC a considerable amount owed to them BUT even after your tutorial (which reached an abrupt conclusion) I am still no further forward as there is nowhere for me to input financial money £££££ amounts to prove I need to pay the tax due. I am truly desperate to pay the amount owing and to date have spent the whole of last week on my computer & it is now affecting my mental health & that of my poor wife. I registered a UTR yesterday, am I too late? All I want to do is pay my tax bill (HMCR seem to make it deliberately impossible to make a payment) & get a good night's sleep. Thanks.
Hi Robin can you send me an email to rebeccasfinancetutorials@hey.com and we can jump on a call here and I will help point you in the right direction x
Hi, thanks for the video. I buy/sell/trade trading cards for colllecting and playing with rather than making a profit, but i have over the 1k from shifting stuff back and forth. It evens out it terms of value, more or less. Would this count as trading in the eyes of HMRC, or would it count against something like capital gains, or could it be ignored as selling personal items? Again I use and collext the items rather than just stocking them with the purpose of re-sale.
Hi hun generally speaking with assets such as cards for instance pokemon cards should you sell them are usually deemed as capital assets (chattels) and not trading assets. This is what could be classed as a wasting asset as their asset life is expected to be less than 50 years so they are exempt under CF76721 TCGA92/S44 x
What about if you click no
If you have any questions at all just fire away as always happy to help 😀
Here is a link to my first video in this series talking about the review of Etsy, Ebay, Amazon, Facebook sellers and how this might impact you: ua-cam.com/video/kwCCYkmaPB8/v-deo.html
Thanks Rebecca. Thanks so much for the tutorial BUT as a 78-year-old (very, very worried Ebay seller) I am desperately trying to pay HMRC a considerable amount owed to them BUT even after your tutorial (which reached an abrupt conclusion) I am still no further forward as there is nowhere for me to input financial money £££££ amounts to prove I need to pay the tax due. I am truly desperate to pay the amount owing and to date have spent the whole of last week on my computer & it is now affecting my mental health & that of my poor wife. I registered a UTR yesterday, am I too late? All I want to do is pay my tax bill (HMCR seem to make it deliberately impossible to make a payment) & get a good night's sleep. Thanks.
Hi Robin can you send me an email to rebeccasfinancetutorials@hey.com and we can jump on a call here and I will help point you in the right direction x
Hi, thanks for the video. I buy/sell/trade trading cards for colllecting and playing with rather than making a profit, but i have over the 1k from shifting stuff back and forth. It evens out it terms of value, more or less.
Would this count as trading in the eyes of HMRC, or would it count against something like capital gains, or could it be ignored as selling personal items? Again I use and collext the items rather than just stocking them with the purpose of re-sale.
Hi hun generally speaking with assets such as cards for instance pokemon cards should you sell them are usually deemed as capital assets (chattels) and not trading assets. This is what could be classed as a wasting asset as their asset life is expected to be less than 50 years so they are exempt under CF76721 TCGA92/S44 x
@@RebeccasFinanceTutorials Thank you! I'll give your other videos a watch to try to make sure I'm above board on this stuff
@@RebeccasFinanceTutorials Thank you! I'll give your other videos a watch to try to make sure I'm above board on this stuff
Is That £1000 profit ? or Gross before expenses ?
Hi hun that's revenue before any costs x