Image:
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 ...
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
