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PAYPAL vs REVENUE...???

  • 23-08-2010 3:44pm
    #1
    abduvali
    Registered Users, Registered Users 2 Posts: 11 ✭


    Hi all does paypal disclose to revenue the information of the account holders??? and how are people getting taxed in ireland by selling on EBAY???
    Thanbk you


Comments

  • #2
    Legend100
    Registered Users, Registered Users 2 Posts: 736 ✭✭✭Legend100


    Well i dont know for sure but I doubt Paypal pass on any information.

    We have a self assessment system in Ireland so the onus is on the taxpayer to declare any income to the Revenue.

    If you were found to be not declaring ebay income, then it would be you and not Paypal who would be liable to interest and penalties and at worse case possible prosecution


  • #3
    DoMyBooks
    Registered Users, Registered Users 2 Posts: 355 ✭✭DoMyBooks


    As above the self employed system in Ireland is self assessment so you are responsible for calculating and paying your own tax. The revenue choose certain areas of the world of business and focus on them. If they chose paypal any Irish traders not declaring their income would likely be caught.


  • #4
    gappers
    Registered Users, Registered Users 2 Posts: 14 ✭gappers


    Legend100 wrote: »
    Well i dont know for sure but I doubt Paypal pass on any information.

    We have a self assessment system in Ireland so the onus is on the taxpayer to declare any income to the Revenue.

    If you were found to be not declaring ebay income, then it would be you and not Paypal who would be liable to interest and penalties and at worse case possible prosecution

    But surely there is a monthly limit and paypal or ebay would only notify revenue of people making more than that limit... does anyone know if thats the case and if so what is the limit?


  • #5
    Jarren
    Closed Accounts Posts: 4,692 ✭✭✭Jarren


    http://www.revenue.ie/en/tax/vat/leaflets/distance-sales-eu.html


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