Claim: Rules around digital platforms sharing information with HMRC amount to a new tax on side-hustles like selling clothes or other unwanted items online.
Fact-check: There's no new tax rule for Vinted, Airbnb and eBay sellers - Full Fact
Verdict: hmrc has not introduced a new tax. people who earn more than £1,000 a year from selling personal items may have to declare this to hmrc and pay tax on the profits, depending on whether they are considered a 'trader'. what has changed is that digital platforms now have to automatically share some income data with hmrc.
Organisation: Full Fact
Author: Charlotte Green
Date published: 2024-01-08T00:00:00