Government could force tech firms to report sellers' income to HMRC

clock • 2 min read
Government could force tech firms to report sellers' income to HMRC
Image:

Government could force tech firms to report sellers' income to HMRC

The new rules, intended tackle tax evasion, will affect as many as 5 million firms in the UK

The UK government is seeking to implement new rules from January 2023 that will force tech companies to report information about the income of sellers on their platform to HMRC. The plan follows...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Amazon to invest £8 billion in UK datacentres

Datacentre

Brings planned investment to £14b by 2028

clock 11 September 2024 • 2 min read
Amazon announces new water replenishment projects in South America,China and US

Green

But questions remain on the impact of datacentres in water-stressed regions

clock 05 September 2024 • 4 min read
Tech stocks plunged in August amid concerns over AI costs

Finance

Nvidia's market value decreased by 7.7% to $2.92 trillion

clock 03 September 2024 • 3 min read
Most read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Government

Datacentres will be classified as critical national infrastructure

Datacentres will be classified as critical national infrastructure

They are the “engines of modern life”

Penny Horwood
clock 12 September 2024 • 3 min read
Tech education and talent: What should the new government prioritise?

Tech education and talent: What should the new government prioritise?

AI? Education? Why not both?

Bev White
clock 04 September 2024 • 6 min read
UK Statistics Authority calls for greater data sharing to boost economy

UK Statistics Authority calls for greater data sharing to boost economy

Opportunities often overlooked due to privacy concerns and risk aversion

clock 19 August 2024 • 3 min read