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Online entrepreneurs need to be aware of new rules, HMRC warns Warning as HMRC self-assessment deadline fast approaching – with new rules for Vinted and eBay sellers Skip to main content
Martin Lewis has warned some Vinted and eBay users that they have days before a new HMRC deadline comes into effect. The Money Saving Expert founder issued the notice on his latest ITV special on ...
The new rule is set to help HMRC crackdown on tax evaders who do business via online platforms without declaring profits. Gen Zers cashing in with side hustles on Depop and Vinted may soon have to ...
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
Until 2019, Customs Handling of Import & Export Freight (CHIEF) is the computer system of the United Kingdom's revenue and customs services, HMRC, used for managing the declaration and movement of goods into and out of the United Kingdom and allowing UK traders to communicate with counterpart customs systems in the other member states of the European Union.
The fraud occurs when the criminals sell the goods with VAT in the UK but fail to pass the VAT to HMRC. [49] The goods are often repeatedly shipped around EU countries by criminal gang networks, hence the "carousel" name. [50] According to the HMRC, between £1.1bn and £1.9bn tax revenue was lost in 2004/05 due to carousel fraud. [50]
(Though us online sellers, across the board, now have just days before the HMRC “side hustle tax” comes in.) Since switching to Vinted, I’ve made more than £1,000 selling my pre-owned ...
Stringer v HMRC; Court: European Court of Justice: Citations [2009] UKHL 31, [2009] IRLR 214 (also, C-520/06 and C-350/06) Case history; Prior action [2005] EWCA Civ 441: Keywords; Working Time Directive