Universal credit

[Jojo1900]

Please can someone help me? I have autism and generally struggle with things, I realised last week that I had forgotten to update my savings on universal credit. I believe I will get a fine and need to pay it back. I’m more worried that when I send my bank statements in they will see that I have a private vinted account that I sell on. I do sell lots of my own things (hoarder / compulsive shopper). I’m worried what they will make of this? Also some payments from eBay but I mostly stopped using them a couple of years ago so those payments are very small. What if they don’t believe me that I’m selling my own stuff?! Can they access my vinted or eBay? I’m so scared, I can’t eat or sleep or function really, as I say I am diagnosed autistic and I can’t cope with this at all. Am I going to jail?

Do you not get it either?! At present there is not a system but we need to find one for the future. It's not rocket science, it's called progress!

but to build the system to begin with lets say costs 1 billion and by using it you only save 1 million

how is that cost effective ?

How do you know it's going to cost a billion? And how do you know we're only losing a million? (It will be considerably more than that!) You're just making stuff up. This is not how progression works - we can't just say it doesn't work and leave it, we have to say it doesn't work now but how do we make it work? How do you think things get invented?

usually inventions get made when vast profits can be made. and i dont have the figures but if the costs are too high and profits cannot be achieved then why would the country spend more money ?

Nothing to do with autism. If you have earnings, you must declare it.

But we don't know if the costs are too high because it hasn't been invented yet.

No it isn’t. It’s only if you are buying to resell. Selling your own stuff you no longer use is not classed as income.

Yep, I sold my motorbike... got £3500 for it. I didn't have to declare it and it did not affect my UC.

You can sell your own second hand shite.

Actually I know people working in the public sector figuring out how to use AI for various different things. It doesn’t have to take a billion pounds (insane number btw). It’s worth doing so you know your systems are secure and over decades how many millions could you save?

AFAIK, with UC you are allowed to have up to £6,000 in savings, between £6,000 and £16,000 they will dock some of your UC.
If you are selling your own items (not buying to sell) then you need to declare earnings over £1,000 in the tax year.

As for Ebay and Vinted, you are allowed to sell up to 30 items in the last 52 weeks, and earn up to £1,700. Anything over that and they will report you to HMRC.

Selling your own second hand stuff is not classed as earnings though.

Reporting to HMRC doesn’t mean there is a tax liability - it’s just a threshold they’ve agreed to to advise there MAY be a liability and you need to complete a seller form. Completing seller form for HMRC doesn’t not mean there is a tax liability.

Selling your own second hand items does not create a tax liability regardless of how much you ‘make’.

at a guess the necessary people would have pojections of what the costs are likely to be eg HS2 and estimated costs

https://www.gov.uk/government/news/information-for-online-sellers

I really wish people would take the time to read things like this properly - hopefully the misinformed on this thread will read your link.