Digital platforms must now disclose sellers' income, HMRC

Sales on Ebay, Etsy and other platforms will now by tracked for tax purposes

clock • 2 min read
Digital platforms must now disclose sellers' income, HMRC
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Digital platforms must now disclose sellers' income, HMRC

In a bid to crack down on tax evasion and boost revenues, the UK's HM Revenue and Customs (HMRC) has implemented new tax rules, effective from 1st January 2024, targeting small sellers on platforms such as Etsy, Depop, Airbnb and Vinted.

The updated regulations mandate these platforms to record and report the income of their sellers directly to HMRC, in alignment with rules set out by the Organisation for Economic Co-operation and ...

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