A deal by the 38 OECD members that took effect on January 1 says that platforms must report users' earnings made on their services to local tax authorities
9to5Mac Ben Lovejoy
Related Coverage
- Airbnb, eBay, Vinted and other apps to share more information with HMRC BBC
- Reporting rules for digital platforms GOV.UK
- Ecommerce platforms forced to report user earnings to HMRC UKTN
- HMRC crackdown on sellers on ‘side hustle’ sites including Depop and Airbnb comes into force ITV News
- Global minimum tax on multinationals goes live to raise up to $220bn Financial Times
- UK eBay and Airbnb sellers could have app sales data sent to tax office AppleInsider
Discussion
-
@theashrb
Ash
on x
It's actually sickening that HMRC are not at all bothered about tax dodgers but have all the strength for ordinary people who resell items on Vinted/eBay/Depop/etc — despite the fact that we've already paid tax (VAT) on said items 🙃 The UK is HELL if you're not rich.
-
@financedircfo
Alastair Thomson
on x
I'm sure everyone who follows me is scrupulous about their tax affairs, but just in case you know a “side hustler” who isn't, this is worth a read ... BBC News - Depop, Vinted and other apps to share more information with HMRC https://www.bbc.com/...
-
@lucysiegle
Lucy Siegle
on x
As usual there's an unfairness; clamping down on individuals in the sharing /reuse economy when UK government gives tax dodging fast fashion companies a free pass is problematic https://www.bbc.com/...
-
@louloumach
Lou Mach
on x
So you're that skint you have to sell your old stuff to buy new stuff and the HMRC wants to tax you on the sale of something you've already paid tax on that you will be selling for less than you paid? Surely taxing millionaires would be more profitable than Sharon's used tops?