Irish tax expert warns Depop app second-hand clothes sellers about unreported taxable earnings.
An Irish tax expert, Claire Murphy, warns that users of the Depop app selling second-hand clothes may be unaware their earnings are taxable and must be reported to the Irish Revenue. She advises sellers to track sales, maintain records, and declare income to avoid potential fines and interest on unpaid taxes. Currently, Depop does not report sales to the Revenue, but this could change, risking significant financial consequences for non-compliance.
October 27, 2024
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