eBay Australia to hand sales data to tax man
If you’re in Australia, and have sold more then $20,000 AUD on eBay, then be prepared for a call from the tax man.
Australian Taxation Office have notified eBay that they intend to issue formal requests for information relating to sales by Australian eBay sellers. The data eBay will supply includes: Contact name; Address; Telephone number; Email and IP address; User ID; Date of birth; Date of registration on eBay; Monthly and annual sales volumes and value; Power seller status and eBay store status.
There will be no getting away from paying the correct tax in Australia so if you’re unsure if your affairs are in order then the best advice is to make sure they are before you get the call. eBay will hand the data over by the 1st of August.
It would be very interesting to see what would happen if the same occurred in the UK. Doubtless there are some smaller sellers who are unsure if they’re a business or a private individual, but would anyone selling more than £20,000 per year be in any doubt? eBay would probably already have insisted you register as a business seller, but that doesn’t ensure that you register with the tax man.