- HMRC has introduced new reporting requirements for digital platforms that connect sellers to customers for goods or services (e.g., eBay, Vinted, Airbnb, Deliveroo).
- Platforms must register with HMRC and report seller information if they are UK-based or managed in the UK, even if they have no reportable sellers.
- Sellers who earn less than £1,700 from fewer than 30 sales per year are exempt from reporting.
- Reported information includes personal and business details, transaction amounts, number of sales, and bank details.
- Reports cover the calendar year and must be submitted by 31 January; sellers will receive a copy of the report sent to HMRC.
Source: menzies.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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