Sites have until end of the month to tell HMRC how much money users have made but confusion surrounds systemA push by HMRC to uncover details of how much people are earning from selling goods and services online in “side hustles” could cause confusion because of the way the UK’s tax system operates, a charity has warned.Sites such as eBay, Vinted and Airbnb have until the end of this month to tell HMRC about the amount of money some users made in 2024, details that may lead to the sellers having to pay more tax. Continue reading…
Source link : https://www.theguardian.com/politics/2025/jan/11/new-uk-tax-rules-on-side-hustles-like-ebay-and-vinted-may-lead-to-nasty-surprises
Author : Shane Hickey
Publish date : 2025-01-11 11:00:00
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New UK tax rules on side hustles like eBay and Vinted may lead to ‘nasty surprises’
