Reply to post: Re: It is not just lost VAT ...

Amazon and eBay agree to expose potential VAT evaders for UK tax man

d3vy

Re: It is not just lost VAT ...

Its not even just VAT- I know a few people who make a decent side income from eBay and declare none of it. Years ago I had a thing going where a friend working in the local recycling plant would fill his car with any half decent looking computers that were taken to the tip, he'd drop them at mine and I'd clean them, wipe the disks* and stick them on eBay.

We didn't get anything AMAZING but it was a constant stream of mostly working PCs all a few years old.

By the time we got properly into a routine we were getting a couple K a month split between us (and the manager at the recycling centre who needed his palms greased) - unfortunately that stopped when my friend on the inside finished uni and got a better job and the council realised there was money to be made and started selling the electrical off to their own buyers.

Being a good citizen I of course declared my additional income - but I can guarantee that the majority in a similar situation wont be paying TAX on their income.

* I've been privy to more home made porn than I care to remember

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