eBay traders reminded about VAT

The VAT man has confirmed that he has developed a computer search engine to target high volume e-commerce traders.

The number of people who make a second income on websites such as eBay has grown massively recently and the VAT man in now trying to take a slice of the cake.

If traders exceed the VAT registration limit of £61k in a 12 month period they should be completing VAT returns or expecting a knock on the door from the VAT authorities.