Ebay pressed to release information

The company Ebay is coming under increasing pressure from both the US and UK governments to release information en masse about its customers who don’t pay tax on the items they sell. Ebay is resisting this pressure at the moment but it is worth remembering that anyone who regularly sells items should declare their income to the Taxman if they are trying to make a profit from the sales.

Exceptions to having to pay tax include when you only sell your items as a hobby (and don’t make a profit) or if you are just selling old household items.