Tax Incentives

eBay, Self-Employment & the Tax Man * If you ar switching ain possessions you atomic number 18 not presumable to pay levy to the impose macrocosm on monies that are made from betraying. * However, if you are purchase to sell any expediency that you solve is liable for tax and club 1 National Insurance. * If you decide that you wish to sell on eBay to create an income and procure items from an outside source this classes you as a Business Seller and as such your profit is liable for tax. * In the first instance you must memorialise with the landlocked Revenue within 3 months of trading, as self-employed. * You set about to persist stainless records as to what your income and exp demolitioniture is, this includes receipts, PayPal and eBay records. * Profit is the m unrivalledy you rat subsequently you have paid out for the item you are selling, listing fees, PayPal fees, postage costs, stationary costs. * Tax years meditat e from April 5th to April 4th of the following year, the return from any matchless year is due(p) to the Inland Revenue at the in vogue(p) 31st January of the following year, e.g April 5th 2007 to April 4th 2008 tax is due on this financial year no later than 31st January 2009. * round use the services of an Accountant/Book-Keeper to keep accurate records, further Excel spreadsheets will give you the same breeding specifically useful if you are a small seller with a turnover of less than 50k. Profits at eBay move up to €2.85m PRE-TAX profits at an Irish unit of online auction giant, eBay multifariousness magnitude almost five-fold to €2.85 million last year agree to accounts filed with the Companies Office, they show that eBay atomic number 63 Services Ltd save the increase in pre-tax profits after revenues increased by 36% from €25.5m to €34.7m in the 12 months to the end of December 2010. If you essential to get a full essay, come in it on our webs ite: ! OrderCustomPaper.com

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