If you’re an online seller and have any tax questions then log on to Twitter between 7pm and 8pm this evening. HM Revenue and Customs are hosting a live Twitter Question and Answer session today and there will be a tax expert on hand to answer your questions.
This is especially an important opportunity for anyone who recently received a letter from HMRC regarding your online trading. It gives you the chance to get some additional anonymous help free of charge from the people best positioned to assist you.
If you think you may owe any outstanding taxes then HMRC have an ebusiness campaign running and you have until the 14th of June to notify them that you want to put your tax affairs in order. By contacting HMRC before the 14th of June you’ll avoid heavy penalties if they then catch you later down the line (and the chances are high that they will).
To participate in the Twitter Q&A simply follow @HMRCgovuk on Twitter and if you want to post any questions use the hash tag #emqa to make sure that they see your query.
10 Responses
hilarious we have just received one of these letters we have traded online for 14 years and are top 3 in at least a couple of categories our vat number is clearly visible our books are submitted every year to companies house,
and “the letter says according to our records you may have recently traded on an online market place”
Wonder how HMRC will get on with the 1000’s of ebay sellers with UK addresses who are actually based in China?
it also goes on to say,
“we dont not think that everyone that trades online owes us tax, if you have already told us about your income and sales and paid the right amount of tax then thank you you need do nothing further”
this to a vat registered limited company thats traded for 40 years,