Selling things online is easy and fun. Clearing out your wardrobe or selling stuff you no longer need is a great way to make extra cash. But does HMRC (Her Majesty’s Revenue and Customs) need to know about your online sales?
When selling something online, use websites like eBay, Vinted, or Airbnb. These platforms allow people to sell various things, such as clothes, books, or services like renting a holiday home or delivering food.
For many people, selling items they no longer need is casual. Maybe you’re selling a dress you’ve outgrown or your old toys. This isn’t the same as running a business or making money regularly. So, the big question is: does HMRC need to know about it?
What Are the New Rules for Selling Online?
In January 2024, new rules were
