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Ebay Business to being properly registered

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  • 21-06-2008 3:29pm
    #1
    Ms Inquisitive
    Registered Users Posts: 364 ✭✭


    Ok, just looking for everyone's opinion on this.

    Been selling a few things via eBay over the past few weeks, it's basically items which I've purchased over the last few years and never used so decided after Christmas that I was going to begin a clear out.

    I never considered any tax implications or anything of the like, however, the other day my Paypal account went over a certain limit.
    Now I was still allowed to operate from it but had to provide some information to Paypal, one of which was a Company and VAT number.

    So now, the idea is in my head. I enjoy selling items on-line (even though I'm in full-time employment), what are the procedures for going ahead with setting this up. Obviously, I don't have a massive turnover but for legality reason I should really be reporting any profit.

    Any opinions?


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    #2
    ImDave
    Registered Users Posts: 1,096 ✭✭✭ImDave


    You don't really have many major obligations. If you reach the VAT cut-off point for registration (sorry, can't remember off the top of my head what it is), you will have to register for it. If you are trading under a name other than your own, you should by right register the business name with the CRO (Form RBN1 online).


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    #3
    Woodgate
    Registered Users Posts: 774 ✭✭✭Woodgate


    Interested in doing something like that myself with golf related products, i.e. clothing, clubs, etc.. but if you don't have a physical premises it's very difficult to get suppliers to deal with you. It's a catch 22 situation for me as I don't want the hassle and expense of a premises and just want to sell at good prices regularly online.


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    #4
    LegacyUser
    Registered Users Posts: 166,026 ✭✭✭✭LegacyUser


    Woodgate wrote: »
    Interested in doing something like that myself with golf related products, i.e. clothing, clubs, etc.. but if you don't have a physical premises it's very difficult to get suppliers to deal with you. It's a catch 22 situation for me as I don't want the hassle and expense of a premises and just want to sell at good prices regularly online.

    What did you do to get in contact with suppliers? Can you not just say you have a premise and use your house address? ;)


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