From 1 Jan 2024, UK platforms must report seller info to HMRC
Platforms affected include:
eBay, Vinted, Etsy, Depop, Airbnb, Uber, Deliveroo, Amazon, Upwork & More
In 2024, If you:
Sell 30+ items Or
Earn over \u00a31,700<\/p>\n\n\n\n
Your name, Income, bank info and (for rentals) property data will be shared with HMRC by 31 Jan 2025 <\/p>\n","protected":false},"excerpt":{"rendered":" From 1 Jan 2024, UK platforms must report seller info to HMRC Platforms affected include:eBay, Vinted, Etsy, Depop, Airbnb, Uber, Deliveroo, Amazon, Upwork & More In 2024, If you:Sell 30+ items OrEarn over \u00a31,700 YourContinue reading<\/a><\/p>\n","protected":false},"author":5,"featured_media":2056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-2055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/2055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=2055"}],"version-history":[{"count":1,"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/2055\/revisions"}],"predecessor-version":[{"id":2057,"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/2055\/revisions\/2057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/media\/2056"}],"wp:attachment":[{"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=2055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=2055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maccountingservices.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=2055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
This isn’t a new tax, but HMRC is cracking down.
If your profit exceeds \u00a31,000, you may need to register for Self Assessment
What to do:<\/strong>
Track your sales and income
Keep good records
Check if you need to register
Meet the criteria and need help?<\/strong> Get in touch – we’re here to help<\/p>\n\n\n\n