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on 05-06-2014 10:05 AM
Thank you for the long reply.
Do note that most people here were not even coming close to answering what the OP asked for, Which has still not been answered re the postage part. Ebay historically did not include postage as part of the delared income to ATO. So it was always left up to individual members to work it out. I have been declaring it as income and my postage costs as expenses. So will be interesting to see how ebay reporting to ATO changes.
As for the change in thresholds, no I did not receive an email from ebay and I don't give two hoots about it as my reporting income is way above that margin. Still, I would like to keep an eye on what happens re tax situation given that ebay does not pay a cent to ATO in taxes.
So, does anyone here have an answer to ebay including postage in reporting? I guess not. I sent ebay an email yesterday so lets see what they have to say about that.
Cheers till then.