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Re: HMRC - update on online trading

Posted: 04 Jun 2012, 10:17
by mrs maggot
just had this posted up on another forum, might be worth a read,

The e-marketplaces campaign is for people who are trading online through an online marketplace, sometimes referred to as an online auction or online market to sell goods and services as a trade or as a business but aren't paying the right amount of tax.
If you trade online this guide explains how you can tell HMRC of your previously undisclosed income and pay what you owe. To take advantage of the preferential terms on offer you must tell HMRC you wish to take part in the e-Markets Disclosure Facility (e-MDF) by 14 June 2012.
For some people it's hard to decide whether they are trading or not, and this guide will help you decide if you are trading and what to do if you need to get your tax right.

http://www.hmrc.gov.uk/campaigns/emarket.htm

Re: HMRC - update on online trading

Posted: 04 Jun 2012, 10:21
by Renniwano
Interesting read...

Re: HMRC - update on online trading

Posted: 04 Jun 2012, 23:27
by accdave
mrs maggot;47030 wrote: For some people it's hard to decide whether they are trading or not, and this guide will help you decide if you are trading and what to do if you need to get your tax right.

http://www.hmrc.gov.uk/campaigns/emarket.htm
No wonder this country is skint when the HMRC are trying to make excuses for people avoiding paying taxes:cool:

Re: HMRC - update on online trading

Posted: 05 Jun 2012, 07:20
by mrs maggot
tbh that bit mad me laugh a lot, i can imagine everyone who says i only buy and sell 50 cars a year on ebay - it gives me something to do while im waiting for me dole money