Posts Tagged ‘ebay’
Last week it was Starbucks, today it’s eBay and Ikea that are wriggling under the ‘fair tax spotlight’ – a spotlight that we’ve just made up, although it seems like it might be a pretty harsh spotlight, and not the kind that someone might sing a ballad beneath. Of course, we’ve already had Starbucks quivering under the spotlight, as it has paid no UK tax in the past three years in spite of the fact that it’s chalked up £1.2 billion in sales in that period. Hmmm…
Now it’s emerged that eBay channels payments through Luxembourg and Switzerland and manages to avoid paying as much as £50 million in tax while it does so. Ikea avoids some UK tax by sending payments abroad to a sister payment, which it calls a ‘franchise fee’. Hmmm…
In a Sunday Times report, it was revealed that eBay had paid little more than £1m in corporation tax even though it had racked up sales of around £800m a year. As for Starbucks, on Saturday, the taxpayer was footing the bill for the police to protect London branches of Starbucks which had been threatened by marchers on the demonstration against government cuts. Now there’s ironic.
Additionally, it looks as though Amazon is only paying 3% VAT to Luxembourg on ebooks while insisting that publishers knock the UK VAT rate of 20% off cost price, ramping up its profits even more. Classy – and of course Amazon have got form when it comes to dodging its UK tax responsibilities.
So, what about you lot? Do you give a toss about what companies get up to with their accounts as long as they’re illegal? Why should a company pay more to the HMRC if they don’t have to? Social responsibility – what’s all that about? Or are you in favour of boycotting these scoundrels unless they get their act together and stop acting like slippery eels?
Still haven’t bought yourself a copy of 50 Shades Of Grey? Why not treat yourself to a special version of it – one that’s been, erm, well-thumbed by Samantha, Allison and Sona, three self-styled ‘MILFY Brooklyn Babes’, who are flogging it on eBay to the highest-bidding pervert.
“Passed from one friend to another, we each made our way through the tantalising first installment in the Fifty Shades trilogy,” they declare, without going into any more detail, which may or may not be a blessing for all of us.
The trio describe themselves as, “(three) tragically hip mothers and best friends. We share everything from clothes to babysitting duties, so naturally we all had our way with this book. We each tremendously enjoyed reading this single copy of Fifty Shades of Grey. We want you, dear bidder, to enjoy this book as much as we did.” You can interpret that any way you want.
There’s six days left to stake your claim, but you’ll have to beat the current high bid of $145.50 (£90).
Anyone fancy getting a fiver off something on eBay before 10pm tonight? Course you do.
If you’re paying with Paypal, use the coupon code COUPONFROMEBAY at checkout and receive £5 off your eBay.co.uk purchase (excluding P&P).
There’sno minimum spend but you have to use the code in one transaction. We’ve just tried it and it works. We bought one of these. £1.99 after the voucher.
Nice eh? Thanks to avid HotUKDeals members dapp and pantheruncia…
Hola amigos! This post has nothing to do with consumer law or sweat stained leotards I am afraid. However…it does offer you a free £5 voucher to spend at eBay as long as you checkout with PayPal!
So, what are you waiting for? Get on over here to check out the HotUKDeals thread and buy yourself something that you would not have purchased if you had to part with some actual money. Feels good, doesn’t it.
Thanks to msesaver001 over at HotUKDeals.
**Deal is no more – 50,000 transactions has now been reached**
Got a spare $5,000 lying around? If so, the bad news is that you’ve just missed out on the chance to invest it in a unique historical artifact that has just been sold in that prestigious international auction house, eBay.
Take a closer look – it’s a three-year-old chicken McNugget that supposedly looks like George Washington.
Rebekah Speight is the lucky lady who found the tasty miracle, storing it in her freezer until the time was right to try and flog it for as much cash as possible. Rebekah sold the McNugget as part of an attempt to raise $15,000 and send 50 children to summer church camp in Sioux City.
Her listing for the chewy artefact said: “By bidding on this rare President George Washington Chicken McNugget…not only will you have an opportunity to be the new owner of this rare find, but you will be investing in the lives of children.”
We’re almost in tears here, and we haven’t even had the privilege of smelling or licking it.
PayPal, who made the shortlist in our Worst Companies of 2011, have been showing a wilful disregard for common sense again, this time getting someone to smash up a violin that survived WWII.
A vendor sold an old French violin to a buyer who disputed the label on the instrument. This isn’t uncommon in the violin market. However, instead of understanding what a label dispute means in the violin world, PayPal “made the buyer DESTROY the violin” as they deemed the violin to be “counterfeit”.
Is there such thing as a pretend violin? Either way, it appears that PayPal don’t have any problem with destroying instruments that have been “examined and authenticated by a top luthier prior to its sale.”
Of course, if you were a sneak, you could exploit PayPal’s system by buying a cheap, tatty violin, crying ‘fake’, smash it up at their behest and then make off with the expensive one complete with a refund. That’d invariably work with clothes and bags too, so well done PayPal.
Following your frenzied vote-casting, we’ve whittled our way down to the eight worst companies in the UK over the past year. They are (in no particular order) eBay, TalkTalk, Vodafone, Santander, Tesco, Yodel, BT and Groupon. Now it’s time for four more of them to be eliminated.
Here’s the first two quarter-final showdowns – first up we have nightmare courier firm Yodel paired with supermarket giants Tesco. Then comes the online auction fiasco that it eBay, coupled with diabolical daily deal vendors Groupon. You’ve got until the end of Thursday to make your decision, and the other two quarter-finals will be here later this afternoon.
Meanwhile, catch up with all the voting to date here.
Ponder for a moment while you decide which you hate most out of BT and British Gas, in a battle between two former nationally-owned companies that were sold off and have constantly pissed you off over the past year.
After that comes the deadly duo that is eBay and Paypal, in the head-to-head that usually causes lots of controversy among certain elements of our readership. Have we pitted them against each other purely out of spite? We couldn’t possibly comment.
You’ve got until the end of Boxing Day to make your decision which of them will progress to the quarter-finals so don’t go making any rash decisions. Catch up with all the voting so far here…
It’s tempting, especially at this time of year, to turn to eBay for bargain presents or to make a quick buck. However, someone else also looks to eBay to make some easy money- and the taxman might even offer you a complimentary stay at Her Majesty’s pleasure.
We have previously wondered aloud about HMRC’s targeted campaign against eBay traders, and whether or not their methods are legitimate, the fact remains that if you are trading, you should be declaring your profits as income and paying income tax as appropriate. But what some traders may further overlook is the fact that if you make a large amount of sales, you may also be required to charge VAT.
The current turnover limit for VAT registration is £73,000, so if you have made this amount of sales (no, not profit) in the last 12 months, or expect to cross this threshold in the next 30 days, you should register for VAT. This means you need to add 20% to the selling price of your goods and pay it over to HMRC. If you do not register, then your selling price will be assumed to be VAT inclusive and they will still want their money.
Take the case of a ‘stay-at-home’ father from Croydon who was found guilty of avoiding more than £420,000 in VAT.
Instead of declaring his electrical goods sales to the VATman and adding on the 20% VAT, he was able to undercut his rivals because he “did not realise he was obliged to pay VAT on the goods he sold”.
In 2007, he was informed by his accountant that he should have been charging VAT and that he owed approximately £67,000, but instead of paying up, he foolishly continued until he was caught in December 2010.
Prosecutor David Hewitt said “It wasn’t until 2007 that he realised he wasn’t paying it properly. At that point he was in too deep and he realised he was stuck. He did try it legitimately but he couldn’t make the system work because he couldn’t make enough money.”
Sentencing him to 20 months in prison, Judge Anthony Leonard QC said: “Being aware of your obligations to pay VAT you carried out a thoroughly dishonest scheme to avoid paying VAT. You avoided £429,000 of VAT and because you were able to offer the goods at prices below those a trader paying VAT could you have prevented honest tax paying traders competing with you.”
Of course, we must assume that the majority of eBay sellers are already aware of their VAT obligations and that they are correctly accounting for VAT. However, for the less fiscally aware, news of this case may mean that your bargain goods become 20% more expensive. Alternatively, once these sellers take account of seller fees, Paypal fees and VAT, they may decide not to bother after all.
It’s all going to happen in the West End of London, and for five days only fron 1st December. It’ll be a ‘pop-up shop’, which to us translates as ‘easily smashed to bits’ but never mind. Oh, and there’ll be no tills either. Shoppers will pay with their smartphones, scanning one of those psychedelic QR codes that will take them to the payment section of eBay’s website.
Oh, and the shop won’t sell any actual stuff that you can walk away with on the day. There’ll be just 200 best-selling items in the ‘pop-up shop’ and if you purchase any of them, they’ll be delivered to your home in the normal way.
So, essentially, it’ll be a souped-up internet café. Which we suspect will be easily smashed up. Thanks eBay – we’ll see you THERE!
You’ve only got a few hours before this one has gone from eBay – it’s a Sinclair C5 that has been converted from a potential deathtrap into a beautiful modern-looking cot bed fit for your favourite kid. Although, as the seller points out, he made it himself so it doesn’t comply with any pesky safety standards…
Want to buy the lettering from Newcastle United’s Park East Stand at the theatre of satire, St James’ Park? If the answer is a baffling ‘why aye’, then you’re in luck because the club is selling them off on eBay.
Why are they selling them off? Presumably to replace the letters with a gigantic advert for something. Probably Sports Direct. Magpies will love that logo. It looks like they were right, although they have now got the chance to own the letters.
Each 6ft letter sis being flogged in the name of charity, which means you can do something worthwhile for once, while also getting the chance to spell out ‘Uncleaned Sew Tit’ or ‘Sweet Nun Dialect’ and there’s definitely a ‘C’, ‘N’, ‘U’ and a ‘T’ to play with.