UK clarifies no new taxes for online sellers but requires platforms to share data of frequent sellers starting January.

The UK's HM Revenue and Customs (HMRC) is clarifying that there are no new taxes for online sellers, but starting in January 2025, platforms like eBay and Vinted must share sales data of users who sold at least 30 items or earned about £1,700 in 2024. This data sharing does not automatically require a tax return, but sellers who make over £1,000 annually from trading or services may need to register for Self Assessment and pay taxes. Guidance is available on the GOV.UK website.

4 months ago
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