Selling at a 最新天美传媒 Auction
Terms and Conditions
Terms and Conditions
1. DEFINITIONS
1.1 In this Contract, unless the context otherwise requires, the following terms have the following meanings: 鈥淐ommencement Date鈥 means the commencement date specified on the front page of this Contract
鈥淐ontract鈥 means the attached 最新天美传媒 UK Trade Vehicle Seller Agreement and these terms and conditions, together with any attachments or documents referred thereto
鈥溩钚绿烀来解 means 最新天美传媒 UK Limited, registered in England and Wales with company number 929621, and whose registered address is at Acrey Fields, Woburn Road, Wootton, Bedfordshire, MK43 9EJ
鈥淪eller鈥 means the vehicle dealer whose details are specified on the front page of this Contract
鈥淪ervices鈥 means the collection, management, storage, sale at auction and/or disposal (by sale or return to owner) of vehicles consigned by the Seller pursuant to the terms of the Contract
1.2 In the case of conflict or ambiguity between any provision contained in these terms and conditions and the front page of this Contract, the former shall take precedence.
2. APPOINTMENT, SCOPE & DURATION
2.1 The Seller appoints 最新天美传媒 as its sole agent to provide the Services within mainland Great Britain and Northern Ireland in accordance with the provisions of this Contract and 最新天美传媒 accepts the appointment on those terms.
2.2 The Seller shall not, during the duration of this Contract, appoint any other person, form or company as its agent, distributor or franchisee for the provision of the Services or itself sell any vehicles it agrees to consign to 最新天美传媒 pursuant to this Contract.
2.3 Any sale whether concluded as a Buy It Now, Pure Sale or a Minimum Price Sale (each defined below) shall be between the Seller as the seller, and the maker of the accepted offer to purchase as the buyer (the "Buyer"). Save as expressly set out in this Contract the Seller will have no legal right of action against 最新天美传媒 in respect of any cause of action howsoever arising out of or in connection with the sale of the vehicle(s).
2.4 You authorise 最新天美传媒 to accept verbal authorisation from you or your authorised representative to accept a bid and sell the vehicle for an offer lower than the Minimum Price at our option.
2.5 You may be required to purchase the vehicle back from the Buyer and pay all fees.
2.6 This Contract shall be deemed to have commenced on the Commencement Date and shall remain in force until terminated by either party on notice in writing.
3. THE SERVICES
3.1 最新天美传媒 shall manage offers to purchase made by potential buyers and either (a) accept the amount offered as a "buy it now" ("Buy It Now") or (b) accept the highest offer in a sale without a reserve (a 鈥淧ure Sale鈥) or (c) where the Seller has set a reserve price (a 鈥淢inimum Price鈥), to accept the highest offer over the Minimum Price ("Minimum Price Sale").
3.2 The Seller may not bid on its own vehicle in 最新天美传媒's auctions.
3.3 最新天美传媒 reserves the right to refuse to offer for sale any vehicle in its absolute discretion. 最新天美传媒 also reserves the right to cancel any concluded contract of sale for any reason whatsoever, including without limitation, any misrepresentation made by the Seller in respect of the vehicle or the Seller omitting to disclose any relevant information to 最新天美传媒 in respect of the history or condition of the vehicle.
3.4 最新天美传媒 will provide the Services (a) diligently, efficiently and in a timely manner, (b) using reasonable skill and care in compliance with all relevant legislation, and (c) by employees possessing the appropriate skills and experience.
3.5 In providing the Services 最新天美传媒 will rely upon any instructions and information provided by the Seller when it consigns each vehicle to 最新天美传媒 using 最新天美传媒鈥檚 secure online portal known as the 鈥楽eller Site鈥. Each consigned vehicle will be listed as a Pure Sale unless the Seller indicates via 鈥楽eller Site鈥 that it wishes the vehicle to be a Minimum Price Sale.
3.6 Vehicles consigned to 最新天美传媒 under this Contract will be stored free of charge until the close of business on the second day following the sellers request for the vehicle to be released back to them. If such vehicle remains on 最新天美传媒鈥檚 property thereafter it will accrue storage charges at a rate shown in the Trade Sales Fee schedule per day or part day thereafter until it leaves 最新天美传媒鈥檚 premises. If the Seller collects such a Vehicle from 最新天美传媒鈥檚 premises a release fee will be levied if 最新天美传媒 originally collected the vehicle. Vehicle returns carried out by 最新天美传媒 will be charged a set figure to return the vehicle to the original collection address. If the return location is within 100 miles of the relevant 最新天美传媒 UK facility; charges for returns over 100 miles are available on request and will vary by distance. Every subsequent listing over the agreed number of listings will incur a re-listing fee per vehicle in accordance with the Trade Sales fee schedule. The Seller will be liable to pay any storage charges, re-list fees and/or collection/delivery charges incurred by the Seller in accordance with clause 4.3.
3.7 If the Seller consigns a vehicle to 最新天美传媒 under this Contract but that vehicle is unavailable or inaccessible when 最新天美传媒 arrives to collect it, the Seller shall be liable for a failed collection charge of 拢75 (at 最新天美传媒's sole option).
3.8 If a vehicle consigned to 最新天美传媒 under this Contract (a) bears a private registration plate at the time that vehicle passes into 最新天美传媒鈥檚 safekeeping, that registration plate (as the case may be) will be deemed to form part of the vehicle that is to be sold and ownership will duly pass to the Buyer on completion of the sale.
3.9 It is the Seller鈥檚 responsibility to remove, at its own cost, all personal items from the vehicle which have been left in a vehicle when that vehicle comes into 最新天美传媒鈥檚 possession. Ownership of any personal items in the vehicle at the time of sale will duly pass to the Buyer on completion of the sale. The Seller warrants that 最新天美传媒 has authority to include any such items in the sale of a vehicle
4. CONSIDERATION
4.1 In consideration of 最新天美传媒鈥檚 provision of the Services, the Seller will pay 最新天美传媒 the fees and charges which are published on in the document 鈥淭rade Sale Fees鈥.
4.2 最新天美传媒 reserves the right to increase its fees and charges, provided that such fees cannot be increased more than once in any 12 month period. 最新天美传媒 will give the Seller written notice of such increase no later than two months before the proposed date of the increase.
4.3 最新天美传媒 shall remit any vehicle sale proceeds to the Seller (less any applicable fees and charges), by the method indicated on the front page of this Contract, usually no sooner than 2 working days and no later than 7 business days after the date on which the vehicle is sold via auction and payment has been received in cleared funds from the Buyer and the vehicle has left the yard.
4.4 In the event that the Seller fails to pay any fees due to 最新天美传媒, the Seller shall on demand pay all such fees and costs to 最新天美传媒, as well as all legal costs (on an indemnity basis) incurred by 最新天美传媒 in enforcing the Seller's payment obligations.
4.5 The Seller authorizes 最新天美传媒 to sell any vehicles owned by the Seller which are located at any 最新天美传媒 facility and to deduct from the proceeds of such sale or sales to reimburse 最新天美传媒 for any fees or losses, including but not limited to unpaid fees, charges, liabilities, fines or losses incurred by 最新天美传媒 as a result of the Seller鈥檚 breach of this Contract. Any surplus remaining after such deductions shall be remitted to the Seller within 30 days of the sale of the final vehicles being the subject of this clause. The Seller hereby irrevocably grants 最新天美传媒 a power of attorney to execute, on behalf of the Seller, any documents necessary to give effect to the sale of vehicles envisaged under this clause 4.5
5. CONFIDENTIALITY AND DATA PROTECTION
5.1 Confidentiality - Each party undertakes that it shall not at any time disclose to any person any confidential information concerning the business, affairs, customers, clients or suppliers of the other party, except as permitted by clause 5.1.2.
5.1.2 Either party may disclose the other's confidential information:
to its employees, officers, representatives or advisers who need to know such information for the purposes of carrying out the other party's obligations under this Contract. Each party shall ensure that its employees, officers and representatives or advisers to whom it discloses confidential information comply with this clause 5;
if the disclosure of the other party鈥檚 confidential information is agreed in writing; or
as may be required by law, a court of competent jurisdiction or any regulatory, governmental or administrative authority with jurisdiction over either party.
5.2 Data protection 鈥 the parties warrant and represent that they shall comply with the provisions of the Data Protection Act 1998 and, from 25 May 2018, shall comply with the provisions of the General Data Protection Regulation (EU) 2016/679 and any enacted legislation or regulation in relation to the same. The parties confirm that any personal data provided by one party to the other under this Contract shall be for the purpose of performing their obligations under this Contract.
6. SELLER鈥橲 WARRANTIES & INDEMNITY
6.1 In respect of each vehicle consigned to 最新天美传媒 under this Contract, and in addition to the warranties set out in the Seller's Declaration, the Seller warrants to 最新天美传媒 that it:
has a good title;
shall provide 最新天美传媒 only with complete and accurate instructions and information (including where applicable and without limitation valid V5 and MOT certificates); and
that no vehicle identification numbers or other identification marks have been tampered with, replaced, altered or otherwise interfered with in respect of the vehicle.
6.2 The Seller shall at all times throughout the lifetime of this Contract and for 6 years thereafter indemnify 最新天美传媒 and keep 最新天美传媒 fully indemnified against all direct, indirect or reasonably foreseeable costs, claims, demands, expenses, proceedings and any losses suffered by 最新天美传媒 as a result of the breach of the warranties set out in this Contract.
7. EXCLUSION & LIMITATION OF LIABILITY
7.1 Except as set out in this Contract, 最新天美传媒 excludes any other warranties, conditions and terms, whether statutory, implied or otherwise. Further, this Contract sets out the entire financial liability of 最新天美传媒 (including any liability for the acts or omissions of its employees, agents and sub-contractors) to the Seller in respect of
(a) any breach of this Contract; (b) any use made by the Seller of the Services or any part of them; and (c) any representation, statement or tortious act or omission (including negligence) arising under or in connection with this Contract.
7.2 Nothing in this Contract excludes the liability of either party to the other party for (a) death or personal injury caused by the first party鈥檚 negligence, (b) the first party鈥檚 fraud or fraudulent misrepresentation, or (c) breach of the terms implied by section 2 of the Supply of Goods and Services Act 1982 (title and quiet possession).
7.3 Subject to clause 7.2:
最新天美传媒 shall under no circumstances whatsoever be liable to the Seller, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, for: any damage to the Seller鈥檚 vehicle other than that caused directly and solely as a result of 最新天美传媒鈥檚 proven negligence; any pure economic loss; loss of profit; any indirect or consequential loss; any professional fees, charges or fines or penalties arising under or in connection with the Contract; and
最新天美传媒's total liability to the Seller in respect of all other losses arising under or in connection with the Contract, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, shall in no circumstances exceed 拢5,000 for each claim or series of connected claims.
8. CONSEQUENCES OF TERMINATION
8.1 On termination of the Contract:
the Seller shall immediately pay to 最新天美传媒 all outstanding amounts due to 最新天美传媒 (if applicable) and, in respect of Services supplied by 最新天美传媒 but for which no invoice has been submitted, 最新天美传媒 may submit an invoice, which shall be payable immediately on receipt;
最新天美传媒 shall return at the Seller's expense all vehicles in the possession of 最新天美传媒 which have yet to be sold, or otherwise dispose of the same as the Seller may instruct;
最新天美传媒 shall cease to promote, market, advertise or sell the Seller's vehicles; and
the following clauses shall continue in force: clause 5 (Confidentiality), clause 6.2 (Seller's indemnity), clause 7 (Exclusion & Limitation of Liability) and clause 10.10 (Governing law and jurisdiction).
8.2 Termination or expiry of this Contract shall not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry, including the right to claim damages in respect of any breach of the Contract which existed at or before the date of termination or expiry.
9 ANTI-BRIBERY
9.1 The Seller shall:
comply with all applicable laws, statutes, regulations and codes relating to anti-bribery and anti-corruption including but not limited to the Bribery Act 2010 (the "Relevant Requirements");
not engage in any activity, practice or conduct which would constitute an offence under sections 1, 2 or 6 of the Bribery Act 2010 if such activity, practice or conduct had been carried out in the UK;
save where the Seller is an individual, have and shall maintain in place throughout the term of the Contract its own policies and procedures, including adequate procedures under the Bribery Act 2010, to ensure compliance with the Relevant Requirements and will enforce them where appropriate;
promptly report to 最新天美传媒 any request or demand for any undue financial or other advantage of any kind received by the Seller in connection with the performance of the Contract;
10. MISCELLANEOUS
10.1 The Seller may not assign, deal with or otherwise dispose of any rights under this Contract without 最新天美传媒's prior written consent, such consent not to be unreasonably withheld. 最新天美传媒 may sub-contract its obligations under this Contract but shall always remain liable for performance of its obligations under this Contract as though acting as principal.
10.2 All sums stated as payable under this Contract are exclusive of Value Added Tax or other applicable sales tax which, where payable, shall be added to the sum in question at the prevailing rate.
10.3 Notwithstanding clause 4.2, on each anniversary of the Commencement Date, all sums stated as payable by the Seller to 最新天美传媒 under this Contract shall be increased in line with any increase in the Retail Prices Index over the preceding 12-month period.
10.4 If any provision of this Contract is found to be illegal or unenforceable, the remaining provisions shall remain in full force and effect and the illegal or unenforceable provision shall be construed in a manner that gives effect to as much of the relevant provision as is permissible in the circumstances.
10.5 Neither party shall be in breach of the Contract nor liable for delay in performing, or failure to perform, any of its obligations under the Contract if such delay or failure result from events, circumstances or causes beyond its reasonable control. In such circumstances the affected party shall be entitled to a reasonable extension of the time for performing such obligations.
10.6 Any notice required to be given in connection with this Contract must be given in writing and may be delivered by hand or sent by first class pre-paid post, by email or by fax to the Company Secretary of the party to which notice must be given at the address specified at the beginning of this Contract. Any notice will be deemed to have been received by the addressee if delivered by hand at the time of delivery or, if sent by first class post, 2 business days after being posted, or if delivered by fax or by email, at the time of transmission provided that both a confirming copy is sent by first class post to the other party within 24 hours of transmission, and no notification informing the sender that the message has not been delivered has been received by the sender.
10.7 No failure or delay by a party in exercising any right under this Contract will operate as a waiver of that right.
10.8 This Contract contains the entire agreement between the parties and supersedes all other agreements whether written or oral between the parties relating to the provision of the services contemplated by this Contract and any such prior agreements are cancelled as at the Commencement Date (but without prejudice to any rights which have already accrued to either party). The Seller acknowledges that it is not entering into this Contract in reliance on any representation not expressly set out in this Contract. This Contract may not be modified except by an instrument in writing, signed by duly authorised representatives of both parties.
10.9 The parties do not intend that any provisions of this Contract should be enforceable by virtue of the Contracts (Rights of Third Parties) Act 1999 by any person who is not a party to this Contract.
10.10 The laws of England shall govern this Contract and any non-contractual obligations arising from it. The parties irrevocably submit to the exclusive jurisdiction of the English Courts.
UK Reporting Rules for Digital Platform Operators
Please note: From 1st January 2024, all digital platforms, and online marketplaces in the UK, are legally required to comply with the Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023 Legislation, implemented in the UK.
The legislation requires all digital platforms and online marketplaces that are resident in the UK to legally report to His Majesty鈥檚 Revenue and Customs (HMRC) on Sellers on an annual basis. This applies to UK residents and residents of other partnering jurisdictions, that meet either of the following thresholds within the calendar year:
- Total sales on 最新天美传媒 auction website are equal to or more than 鈧2,000 (equivalent of 拢1,700) after deduction of 最新天美传媒 fees, commissions, or taxes where applicable.
- Vehicle sale transactions of 30 or more (cancelled transactions are not included)
Your total sales for the year are calculated based on the full amount paid to you for your sales transactions excluding:
- Seller fees
- VAT amounts collected and paid to you.
- Payouts to policyholders, where applicable
- Any 最新天美传媒 charges incurred, where applicable
- Amounts deducted for cancelled transactions.
- Returns
HMRC Reporting
最新天美传媒, as a Reporting Platform Operator (RPO), must report the required information to HMRC by the 31st of January following the end of each reportable period. The first reportable period being 1 January 2024 to 31 December 2024, must be reported by 31st January 2025. Should you meet either of the above thresholds described above, the following information will be shared with HMRC.
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Individual Sellers (including sole traders) |
Registered Companies and Partnerships (where applicable) |
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First and last name (as well as middle name where provided) Date of Birth (DOB)
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Legal Name of Company
Partnership Name
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Primary Address - This is the place where you normally live or lives for most of the time if you live at more than one address.
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Primary Address 鈥 Registered Office Address
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Tax Identification Number (TIN) - For UK Residents 鈥 this will be your National Insurance Number (NINO)
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Company Registration Number (CRN) for a registered Company, Limited Partnership and Limited Liability Partnership (LLP)
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VAT Registration Number (VRN), where applicable
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VAT Registration Number (VRN), where applicable
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Jurisdiction of residence. For UK Sellers this will be UK. For EU Member States, this will be the relevant EU country applicable.
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Jurisdiction of residence. For UK Sellers this will be UK. For EU Member States, this will be the relevant EU country applicable.
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The total number of transactions and Consideration paid or credited to the Seller during the Reportable Period, broken down on a quarterly basis for the calendar year, excluding*:
Seller fees Payouts to policyholders, Any 最新天美传媒 charges incurred, where applicable VAT amounts collected and remitted to you, Amounts deducted for cancelled transactions, Returns
*As such, the amount reported to HMRC may differ from the total amount of payments you received from 最新天美传媒.
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The total number of transactions and Consideration paid or credited to the Seller during the Reportable Period, broken down on a quarterly basis for the calendar year, excluding*:
Seller fees Payouts to policyholders, Any 最新天美传媒 charges incurred, where applicable VAT amounts collected and remitted to you, Amounts deducted for cancelled transactions, Returns
*As such, the amount reported to HMRC may differ from the total amount of payments you received from 最新天美传媒.
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Total fees, commissions or taxes withheld or charged by 最新天美传媒 during each quarter of the calendar year.
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Total fees, commissions or taxes withheld or charged by 最新天美传媒 during each quarter of the calendar year.
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Financial Account in relation to which the sales proceed was paid or credited. For UK residents, this will be the bank account and sort code.
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Financial Account in relation to which the sales proceed was paid or credited. For UK residents, this will be the bank account and sort code.
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RPOs must also provide a copy of the information reported to HMRC to Sellers. This is intended to help Sellers to meet their tax obligations by providing them with the same information that is provided to HMRC, helping them to fill out their tax returns correctly, where applicable. The information must be provided by 31st January following the end of the reportable period.
Data Protection
最新天美传媒 respects your privacy and is committed to protecting your personal data. We protect your personal data through leading edge technical and organisational security measures to minimise risks associated with data loss, misuse, unauthorised access and unauthorised disclosure and alteration. To this end we use firewalls and data encryption, for example, as well as physical access restrictions for our data centres and authorisation controls for data access. We鈥檒l give you ongoing visibility into any information we collect and the ability to easily update your preferences at any time. You can find further information on our data security in our privacy policy /content/uk/en/privacy-policy
Tax Identification Number (TIN) Information
Under the UK Reporting Rules for Digital Platforms Legislation, 最新天美传媒 is required to collect and report your tax identification information to HMRC. For existing Sellers, if your tax identification information is not yet stored in your 最新天美传媒 account/database and you've met either of the thresholds, you will receive an email asking you to provide the respective information. For new sellers, the onboarding/registration process will be updated to include asking for this information.
For Individuals resident in the UK, your TIN information is your National Insurance (NINO) Number. For individual鈥檚 resident outside of the UK, your TIN is the unique identifier assigned to you by the tax administration in your country of tax residence. It is a unique combination of letters and/or numbers used for identifying you for the purposes of administering the tax laws of that country.
The format and guidance on where this can be found are as follows:
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Format - NINO
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XX-999999-X Two prefix letters, six digits and ending in one suffix letter.
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Where to find it
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On your payslip On your P60 On HMRC/Country of residence tax authority Correspondence Letters HMRC/ Country of residence tax authority App Contact the relevant tax authority in your country of residence
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Apply for one |
Visit HMRC鈥檚 website 鈥 UK resident
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For companies your TIN information is the Company Registration Number (CRN).
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Format
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A CRN consists of 8 numbers for UK incorporated companies. For non-UK companies, please check the format in your Member State.
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Where to find it
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On your certificate of incorporation Letters received from Companies House On Companies House website
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Apply for one
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Company registration numbers are assigned automatically when businesses are incorporated.
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Important: If you are required to provide the requisite information and you don鈥檛, you may not be able to complete the onboarding/registration process. Where you are an existing seller, your account may be suspended, and/or payments withheld.
What you should know
As a UK resident or a resident in a partnering jurisdiction (as determined by the HMRC from time-to-time), if your total sales when you sell exceeds 拢1,700 and/or surpasses 30 sales transactions within a calendar year, 最新天美传媒 is obliged to report certain personal or business information to HMRC in accordance with the UK Reporting Rules for Digital Platforms Legislation.
The UK reporting requirements for RPOs does not change your existing tax obligations or create new tax obligations for you. These thresholds only relate to whether 最新天美传媒 is required to report your data. This doesn鈥檛 change your tax obligations or necessarily mean that you must pay taxes on the amounts reported.
Whether or which taxes are due because of your sales on 最新天美传媒鈥檚 auction website depends on your total sales activity, which is not limited to just 最新天美传媒.
Whether you are trading privately or commercially does not depend on reaching the values specified by the UK Reporting Rules for Digital Platforms Legislation. The question of whether you are acting commercially or whether tax obligations result from your sales activity depends on your total sale activity as a whole.
If you are unsure if your selling activity on 最新天美传媒 qualifies as private or commercial or if you have further questions regarding your tax obligations, please review the HMRC guide below, reach out to HMRC, or consult an independent tax advisor (i.e. seek professional help).