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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 ...
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
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.
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 ...
Under UK tax legislation, taxpayers are obliged to notify HMRC when they have a liability to tax no later than nine months after the end of the tax year in which they became liable. Depending on the circumstances and the tax owed, they may do this by registering for self assessment and completing a tax return by 31 January.
GOV.UK Verify was an identity assurance system developed by the British Government Digital Service (GDS) which was in operation between May 2016 and April 2023. The system was intended to provide a single trusted login across all British government digital services, verifying the user's identity in 15 minutes. [1]
After importing, Company A sells the goods to another trader (Company B), charging the price of the goods plus VAT, but does not pay the VAT collected to the government; Company A becomes a "missing trader". The buyer, Company B, who has paid the VAT to Company A, can then reclaim the VAT paid from the tax authorities on its VAT return.
Thousands of people left it to the last minute before the cut-off at the end of Friday.