HMRC is cracking down on tax evasion, with new rules affecting online sellers on platforms such as eBay, Vinted, and Etsy. Nearly 5.7 million people have less than a month to file their 2022-23 tax return, with a risk of a £100 fine plus further potential penalties if they miss the January 31 deadline. The crackdown includes a 'side hustle tax' targeting Britons making money online, and sellers on platforms like Depop and Airbnb are also under scrutiny. Digital platforms are now obliged to report the financial details of some users to HMRC, with a deal by OECD members, including the US and France, requiring platforms to report users' earnings to authorities.
Are you one of the many Londoners supplementing their income with a side hustle? New rules mean firms like Airbnb, eBay and Vinted will have to share information with HMRC. https://t.co/51xAxeLS0j
One-quarter of UK buy now, pay later users hit by late repayment fees https://t.co/42eb4phmKT
A deal by OECD members, including the US and France, that took effect January 1 says platforms must report users' earnings made on their services to authorities (@benlovejoy / 9to5Mac) https://t.co/geby80NNx8 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/fY1spTakuZ
HMRC warns it'll start issuing £100 fines for millions 'from January 31' https://t.co/0hCmT35OVQ
Nearly 5.7 million people have less than a month left to file their 2022-23 tax return. If they miss the January 31 deadline they risk a £100 fine plus further potential penalties. https://t.co/PSyzAKNx3x
the uk government now taxing people making money on vinted/etsy/ebay is INSANE, you are selling items for a LOSS
HMRC crackdown on sellers on 'side hustle' sites including Depop and Airbnb comes into force https://t.co/zcvHRi2han
Clearing out your wardrobe? Beware big tax bill as new rules affecting eBay, Vinted and Etsy take effect https://t.co/yhi35xqMjg
New 'side hustle tax' targets Britons making money online 🔗Read more https://t.co/NDuEiF2b8t
Sellers on eBay, Airbnb, and others in the UK may soon face some interest from the country’s tax body, with digital platforms now obliged to report the financial details of some users to HMRC. By @MalcolmOwen https://t.co/RHlMe4BDSq
HMRC warns millions of Britons must act this month or face £100 fine https://t.co/YfQBZix3IR
HMRC warns millions of Britons must act this month or face £100 fine - 'the clock is ticking' https://t.co/YfQBZix3IR
HMRC warns 5.7 million people to take action within 28 days and says 'clock's ticking' https://t.co/ibnRyk7A0n
Depop, Vinted and other apps to share more information with HMRC https://t.co/UQesnjJYTp
HMRC crackdown has already started with 'audits and prosecutions' expected https://t.co/EUEHuxX9cV
Hundreds of thousands of pensioners at risk of missing out on £299 from next month https://t.co/B4IaAXPObW