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Ebay and Paypal

  • 27-04-2012 10:08pm
    #1
    faolteam
    Registered Users, Registered Users 2 Posts: 1,826 ✭✭✭


    If i sell a lot of items on Ebay and i am paid through Paypal,

    Am i liable for tax when my payment is made into my Bank Account,


Comments

  • #2
    The Apprentice
    Registered Users, Registered Users 2 Posts: 1,130 ✭✭✭The Apprentice


    no...

    REvenue will never tax you unless u declare it or someone declares it for you


  • #3
    Tow
    Registered Users, Registered Users 2 Posts: 9,223 ✭✭✭Tow


    faolteam wrote: »
    If i sell a lot of items on Ebay and i am paid through Paypal,

    Am i liable for tax when my payment is made into my Bank Account,

    No, but if you sell lots of items Revenue may consider you a trader and you will should make an annual Form 11 return.

    It may be a one off or Revenue may be starting a trawl of ebay sellers, see this thread : http://www.askaboutmoney.com/showthread.php?t=168576

    When is the money (including lost growth) Michael Noonan took in the Pension Levy going to be paid back?



  • #4
    faolteam
    Registered Users, Registered Users 2 Posts: 1,826 ✭✭✭faolteam


    Tow wrote: »
    No, but if you sell lots of items Revenue may consider you a trader and you will should make an annual Form 11 return.

    It may be a one off or Revenue may be starting a trawl of ebay sellers, see this thread : http://www.askaboutmoney.com/showthread.php?t=168576

    how do revennue get your details from do they ring pay pal or ebay

    i did get a phone call from ebay asking me was i a trader but i said i was just selling my own stuff ??


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