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DAC 7

  • 17-02-2025 09:08AM
    #1
    Spiderjones
    Registered Users, Registered Users 2 Posts: 19 ✭


    Anyone else impacted by this DAC 7 legislation?

    We've been doing an online clearout to help clear some bills but on the two platforms we're selling on a deadline is coming up to submit PPS etc for DAC 7 - the online sales platforms will now report your sales to your local revenue

    I'm a bit reluctant to submit my information and am considering just ending the sales for a couple of reasons.

    1.I've no receipts for anything I'm selling - never thought I'd be selling this stuff but here we are. Some items are decades old.

    2. Most of the stuff is going for less than what I paid for it - ie very little in the way of actual gains

    Would you submit the info and keep selling or will it be an almighty pain to have someone from Revenue look through this. On paper it might look like you've made an extra couple of quid, but I can't get my head around the fact that these are legitimately my items which I would've paid for myself (tax included).



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