Recent content by bikeworkshop

A ride through the lanes and woods to get to the spot for my photos of autumn: I took Tina's bike to complete the series - I wasn't going to change the tyres for a single ride, but needed a little less speed on icy leaves for sure, and bogged fast on soft ground. Nice True Temper OX soft...

Autumn in the Wye Valley... In 7 Weekly trips to Tregagle... Autumn is nearly done now, but what a beautiful season for riding😍, if you avoid slippery leaves and all that rain🤔

"Anyone declaring eBay income to HMRC?" Yes.😉

If you are on benefits you're more likely to be investigated - you might be guilty of benefit fraud as well as non-payment of taxes.

AFAIK tax is due on all income, but there's a slightly unspecified amount of sales can be argued as personal. £5000 springs to mind And a certain number of cars. If you sold 10 bikes in a year for £10,000, HMRC could easily ask for it to be added on to your income and taxed accordingly. (If...

Magazines seem to be worth very little. I'm watching the Hetch because I'm hoping to see signs of recovery in the mid- century lightweight market🤞

If you have a quick look at his "ebay sold history" thru feedback it seems he mostly sells new tyres!

Nice bike, fair price... but I sold a white spider last year for £700 (with older xt kit and the paint was a bit scruffy) It was in the shop for about a year! (And that includes vat and guarantee) Ought to be worth more, but that's how it is😞

Lovely chaincase!

I've never heard of this overlap method apart from utility bikes. On a tubular you'll get a horrible lump.

https://www.the-saleroom.com/en-gb/auction-catalogues/mullocks-specialist-auctioneers-and-valuers/catalogue-id-srmu10223?page=3#lot-d24dbbf7-9218-42d0-a916-b38a00a16049

I'm amazed ebay can avoid being sued for selling dodgy fireball ebikes. Some of them have done a million£ damage🤯

I was thinking he'd be a sole trader, so no corporation tax afaik. Big advantage of the limited company thing is putting "company director" on your employment status for insurance, even for motorcycles, bizarrely🤣

You're vattable over 90k turnover whatever your business structure, even nothing at all. A limited company is its own legal entity, so your home and other assets are protected from legal claims. The disadvantage is you have to pay another 14% (employers) national insurance, and submit...