02-13-2007, 12:47 PM
Quote:Sellers on the auction website Ebay are being warned to check if they need to register as self-employed with HM Revenue and Customs (HMRC) and pay tax.
Research suggests that about 68,000 people make all or a substantial part of their living selling things on Ebay.
However HMRC suspects that many can be defined as self-employed traders but are not paying their proper taxes.
It is warning them that they should pay income tax, national insurance and possibly value added tax (VAT) as well...
full article: http://news.bbc.co.uk/1/hi/business/6354003.stm