I also received the email, although nothing new for me. I have received this email every year at tax time. As long as you are declaring all your income you will be fine. If total sales including post are above $75.000 you also need to be registered for GST. I declare all my Ebay income to the ATO so at tax time they check what Ebay report matches what I have declared on my tax return. It's the thresholds that changed every year. Last year the ATO ask for anyone with sales above $20,000 the year before it was $40,000
@gamesandconsolesgalore wrote: I also received the email, although nothing new for me. I have received this email every year at tax time. As long as you are declaring all your income you will be fine. If total sales including post are above $75.000 you also need to be registered for GST. I declare all my Ebay income to the ATO so at tax time they check what Ebay report matches what I have declared on my tax return
How unusual that you have received this type of email from eBay in previous years.
I never have and would have expected to get that advice in previous years if eBay was sending out to sellers ?
Edit: actually I do recall an email or notice board announcement re tax from eBay sometime over the last couple of years, but I am fairly sure it was not in this years format.
I got it too, and it would seem to be a retroactive request, since it states it's for the tax year ending in June 2014 (so the 2013 - 2014 tax year, and the 2014-2015 tax year still has around 6 weeks to go). I'm not sure if the lower threshold ($10k) is new or not, I guess so - it used to be $20k at any rate, but if it is new, that could explain the request for older records.
I don't expect anything to come of it, personally, as all eBay income etc was declared.
