HMRC TAXING PEOPLE SELLING OLD CLOTHES ONLINE??? 2024 HMRC RULES EXPLAINED
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- Опубликовано: 3 фев 2024
- In this video I attempt to explain the new updates to the HMRC tax rules for 2024. From the 1st of January this year, the HMRC have requested that all marketplace and gig economy. Apps will now have to report users earnings to the HMRC. HMRC have brought in these rules to catch out people who are posing as private sellers, but in actual fact our business sellers and have not registered for tax. This video highlights key points for people to note.
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Хобби
This FAQ may explain more about the HMRC rules - tinyurl.com/yw2z249k
See what Hoxton is selling on his private collection page -
/ hoxtonswardrobe
/ hoxtonswardrobe
Join Our 16K Facebook Group Buy, Sell & Connect with like minded heads -
/ hoxtonsmarketplace
/ hoxtonsmarketplace
/ hoxtonmarketplace
For the latest daily content follow us on instagram -
/ thehoxtontrend
/ thehoxtontrend
For the latest deals every week -
linktr.ee/codepluggers
Follow our daily updates and deals on twitter -
/ thehoxtontrend -
/ thehoxtontrend
What a joke! Tax is already payed at purchase!
vat is but not profit
It’s to tax the resellers, I’m sick of people buying clothes for example at TK maxx and reselling them for a higher price.
Just more ways for the establishment to take money from the people
Government is skint, looking for anyway to make some money.. Shocking.
Looks like its back to cash in hand
You put me on to si years ago bro gl bro cheers from ny
Was a better brand back then.
Yo long time follower can you do some polos vids thanks man peace keep doing what your doing
I thought its 1000 on new goods and 6000 on second hand goods
Key is to make sure you can do some smart accounting and bump some costs so your profits look smaller
Might aswell tax oxygen at this rate
£1K allowance is BS because if you spread it over the year it's peanuts
Plus that does not include cost of sales and expenses, like postage and selling fees😅
Love that it'll affect greedy resellers profits-can't stand them.
They'll just add the tax bill to the price. The result is end consumer pays more
Start taxing crypto , Uber eats side shuffles , hairdressers ,
Stop snitching
What about electronics? I’m very into tech so buy the latest and greatest expensive tech items all the time and sell them within a year of being brand new and been making way more money than £1000 per year.
yes.
King Wingnut needs yer brewsters now...
Sorry to stand one corrected hox but you don't pat tax wen over a gee you just have to register your hussle you still only have to pat tax when you hit the 12 - 13 bags mark it's about 12,750 something like that? The problem the government will have is inforcing it most ppl ain't go bother till the hitting atleast the bear minimum.
You're right at 12.5k of earning, but most people already pay basic rate tax, so they are liable to tax on these sales
Wtaf
does it surprise you this is the tories we are talking about they'd pitch your teeth and come back for your gums