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quick Q

Discussion in 'Ebay' started by vxr12, Nov 10, 2010.

  1. vxr12

    vxr12 Junior Member

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    hey guys, just a quick 1. im from the uk and want to start selling on ebay. should i register as self employed? or just sell on ebay and get my hands on the money some other way than sending it to my bank account? if so how should i do this? keep my money on paypal? thanks
     
  2. zivmaymon

    zivmaymon Regular Member

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    Occupation:
    IM
    Location:
    The Holy Land
    Quick A:
    Keeping the money on paypal is the best way to cashout if u don't wanna pay tax on it.How? once a year I go on a vacation ,last time was prague, before was cyprus.Open a bank account [tourist's] transfer the money there, withrough, and go back home after a day or 2.
    But remember: Spend some money on yourself, don't be so cheap.Have fun bro.
     
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  3. eBayMafia

    eBayMafia BANNED BANNED

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    I'm not truly aware of the laws in the U.K., but generally you will want to pay your taxes as self employed, but I strongly recommend setting yourself up as a business entity as soon as the profit rolls in. If U.K. taxes work like the U.S., you will save money and be able to write off most losses.
     
  4. professional.guest

    professional.guest Newbie

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    If you are talking about big amounts of money, then you should consider the alternatives.
    If not, pay the tax :) is not worth it
     
  5. professional.guest

    professional.guest Newbie

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    If you want to open a bank account in Prague, you must show them the work contract or the student papers.
    I live in Czech Republic, so I know what i'm talking about.