http://tamebay.com/2007/01/i-spider-tax-man-coming.html eBay & ecommerce made easy Mon, 21 May 2012 20:27:45 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://tamebay.com/2007/01/i-spider-tax-man-coming.html#comment-13443 Court orders eBay to divulge sellers earnings : TameBay Thu, 27 Sep 2007 22:37:45 +0000 http://tamebay.pobox.co.uk/2007/01/31/i-spider-tax-man-coming/#comment-13443 [...] Sellers who declare legitimate earnings have nothing to fear, but those that are not paying any taxes due should contact the Inland Revenue before the Revenue contact them. [...] [...] Sellers who declare legitimate earnings have nothing to fear, but those that are not paying any taxes due should contact the Inland Revenue before the Revenue contact them. [...]

]]> http://tamebay.com/2007/01/i-spider-tax-man-coming.html#comment-360 TameBay : Tax authorities want eBay to hand over your sales data Tue, 20 Feb 2007 22:02:31 +0000 http://tamebay.pobox.co.uk/2007/01/31/i-spider-tax-man-coming/#comment-360 [...] Tax authorities in several major eBay territories have been actively monitoring eBay with the Xenon Spider which catalogues all auctions. Although Xenon hasn’t been reported to be used in the US it is known to be live in both the UK and the US neighbour Canada. With some $52bn GMV in 2006 financial year, $25bn of which was in the US, it’s no wonder the IRS is interested in keeping tabs on which sellers are making how much profit. [...] [...] Tax authorities in several major eBay territories have been actively monitoring eBay with the Xenon Spider which catalogues all auctions. Although Xenon hasn’t been reported to be used in the US it is known to be live in both the UK and the US neighbour Canada. With some $52bn GMV in 2006 financial year, $25bn of which was in the US, it’s no wonder the IRS is interested in keeping tabs on which sellers are making how much profit. [...]

]]> http://tamebay.com/2007/01/i-spider-tax-man-coming.html#comment-326 TameBay : “Don’t panic. Contact us. We will help with your tax” Tue, 13 Feb 2007 12:31:56 +0000 http://tamebay.pobox.co.uk/2007/01/31/i-spider-tax-man-coming/#comment-326 [...] The key point is to register, because if you don’t you will get caught! Not only do they have the new Xenon spider checking your auctions but they have countless other means of tracking you down. However they will look kindly on you coming forward and registering. If you contact them before they come calling for you it will be important in mitigating any tax and penalties due. There will be far more punitive penalties for those that do not register but get caught at a later date. [...] [...] The key point is to register, because if you don’t you will get caught! Not only do they have the new Xenon spider checking your auctions but they have countless other means of tracking you down. However they will look kindly on you coming forward and registering. If you contact them before they come calling for you it will be important in mitigating any tax and penalties due. There will be far more punitive penalties for those that do not register but get caught at a later date. [...]

]]> http://tamebay.com/2007/01/i-spider-tax-man-coming.html#comment-277 TameBay » Blog Archive » The tax man is on his way Tue, 06 Feb 2007 17:13:04 +0000 http://tamebay.pobox.co.uk/2007/01/31/i-spider-tax-man-coming/#comment-277 [...] Following on from the Xenon revelation that HMRC is tracking all eBay auctions and cataloguing them for future investigations HMCR launch a new guide for people that trade online. The aim of the guide is to help you decide if you need to register to pay tax - either Income Tax, VAT or Capital Gains Tax. [...] [...] Following on from the Xenon revelation that HMRC is tracking all eBay auctions and cataloguing them for future investigations HMCR launch a new guide for people that trade online. The aim of the guide is to help you decide if you need to register to pay tax – either Income Tax, VAT or Capital Gains Tax. [...]

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