Whether it’s buying and selling clothes online or some freelance work on the side, plan ahead for potential tax issues
Since the start of 2024, online platforms such as Vinted, eBay and Airbnb have been required to share data with HM Revenue and Customs (HMRC) for any users who sell more than 30 items a year or earn more than about £1,700 (the threshold is set at €2,000) a year. However, this does not necessarily mean that those users owe any additional income tax.
Continue reading...Originally reported by The Guardian
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