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Paypal and offshore account

Discussion in 'Business & Tax Advice' started by FoxMulder2014, Oct 4, 2015.

  1. FoxMulder2014

    FoxMulder2014 Newbie

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    I was making good money. Getting paid on ebay and then transferring to money to my account.

    However after I reached ?1800 (in 2 days) I got warning that I was reaching the max limit before they had to warn the taxman.

    So how do I avoid this? Transfer the money from paypal to an account in Swiss or something?
     
    Last edited: Oct 4, 2015
  2. mantic0re

    mantic0re Junior Member

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    This could have worked 10 years ago, now it's pointless, null and void. As well as the fact that Paypal will not let you add a Swiss bank account to your paypal. Your bank account must match the country of your Paypal account and Paypal will need an address confirmation every time you exceed the limit(around $2500).