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New rules now mean people selling around 30 items on online platforms such as eBay and Vinted will have their sales information shared with HMRC, which will be assessed against their tax returns.
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.
Before the advent of Real Time Information (RTI), at the end of the tax year, employers operating PAYE schemes had to report to HMRC their employees, the total that had been paid to them, the amounts of income tax and national insurance contributions (NICs) that had been deducted from those payments, and the amount of employer's NICs due. This ...
HM Customs and Excise (properly known as Her Majesty's Customs and Excise at the time of its dissolution) was a department of the British Government formed in 1909 by the merger of HM Customs and HM Excise; its primary responsibility was the collection of customs duties, excise duties, and other indirect taxes.
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 ...
Vinted, UAB Group, commonly known as Vinted, is a Lithuanian online marketplace for buying, selling, and exchanging new or secondhand items. [2] [3] History.