Whether it’s dealing clothing on the internet or some freelance deal with the side, strategy ahead for possible tax obligation problems
Considering that the start of 2024, on-line systems such as Vinted, ebay.com and Airbnb have been called for to share data with HM Revenue and Customs (HMRC) for any kind of customers that sell more than 30 products a year or gain greater than regarding ₤ 1,700 (the threshold is evaluated EUR2,000) a year. However, this does not always imply that those customers owe any kind of additional income tax.
Source: The Guardian