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Jan 5, 2024 · Recently, HM Revenue and Customs (HMRC) introduced new rules that impact individuals who sell items on platforms such as eBay and Vinted. In this blog post, we’ll explore the key aspects of these new rules and what they mean for online sellers.
2 days ago · What can you sell fee-free on Ebay? If you're looking to sell on Ebay you could previously list up to 1,000 items a month for free, but from today this will be cut to 300. This applies to...
From January 2024, new UK digital sales reporting rules require digital platforms like eBay to share information with them. However, this reporting doesn’t change your tax obligations. On eBay, this should only affect newly registered accounts in 2024, which will extend to all accounts in 2025.
May 9, 2024 · If you sell online or engage in eBay sales, you can enter the realm of taxable income. However, as a private seller, not all sales need to be declared to HMRC, which leads to some confusion. Essentially, the tax responsibility depends on whether your selling activity is seen as a hobby or a business.
Jan 3, 2024 · If you sell goods online on sites such as eBay, Etsy or Vinted, rent out your home on Airbnb, or earn extra income from providing services via platforms including Deliveroo or Uber, then these firms will soon start passing on information about you to HM Revenue & Customs (HMRC).
Jan 4, 2024 · HMRC has announced new rules that affect people who use popular money-making websites such as eBay, Vinted and Airbnb. It comes as part of a crackdown on tax avoiders. But what exactly is...
People also ask
What are HMRC's new rules on eBay & Vinted sellers?
What is the ebay'side Hustle tax'?
Are eBay sellers compliant with hmrc's'side Hustle tax'?
Do e-commerce sellers pay a fair share of tax?
Sep 9, 2024 · How much can you sell on eBay without paying tax in 2024? Trading Allowance: In 2024, you can earn up to £1,000 tax-free from self-employment, including eBay sales. Exceeding Threshold: If your earnings surpass this amount, you need to declare them to HMRC and potentially pay tax.
