Do I need an abn number to start an eBay store

[katiegames69]

Hi,I am going to upgrade to an eBay store starting in the new financial year it will be my primary income but I don't plan on going over $75000 gross sales do I still need to get an abn number for tax purposes?

[davewil1964]

No, and there is no point until you do hit $75k in turnover.

That's turnover, not sales. Including postage, fees, etc.

[lyndal1838]

If you turnover $75,000 in a rolling 12 month period you need an ABN and you need to register for GST.

[wide-world-of-stamps]

Speak to an accountant.

If you plan on running a business, rather than selling off things around the home, you will probably need an ABN.

If you go over the $75,000 you will also need to register for GST, as lyndal mentioned.

[kopenhagen5]

To add, work out the numbers as a store roughly becomes viable if you are listing 100-200 items with a good sell rate.

Otherwise your 40 freebies a month might be enough.

[asporty]

Yes, you should get an ABN to delare all ebay income.

From memory, ebay reports all income to ATO for sellers grossing more than $5k in annual sales. So better stay on the safe side and declare all income if you go above this threshold.

[lyndal1838]

Having an ABN has nothing to do with declaring income....you can sell as much as you like up to $75000 turnover without an ABN.  You only HAVE to get an ABN if you need to register for the GST.

The last time the threshold amount was announced it was $10000 before ebay needed to declare sellers turnover to the ATO.

[asporty]

Found this link at ATO website, mentions $12000 as the threshold in the last 3 years.

https://www.ato.gov.au/General/Gen/Online-selling-2015-16,-2016-17-and-2017-18-financial-years-data-...

[lyndal1838]

So ebay has been notifying the ATO of seller's income based on the lower amount of $1000.

It should not make any difference if sellers are doing the right thing and declaring all their ebay income as they should be doing.

[katiegames69]

I do plan on declaring it all next year just need to know if an abn is required to do so