If you’re selling on eBay, Etsy, Vinted, Airbnb, or similar platforms, take note: new rules mean some platforms will report sellers’ income to HMRC.

🔑 Key Things to Keep in Mind:

• £1,000 Tax-Free Allowance: If you make under £1,000 a year from online sales, you likely don’t owe tax. If you’re above this, you may need to register with HMRC.
• Casual Sellers vs. Traders: Selling personal items like clothes occasionally? That’s typically tax-free. But if you’re making or buying items to sell, it could count as a trade and be taxable.
• Record-Keeping is Key: Track any costs (e.g., packaging, postage) as they may be deductible if you’re trading.

Got questions? Reach out to us for expert tax advice

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