HMRC tax rules for Vinted and eBay sellers as January deadline approaches

manchestereveningnews.co.uk:

People who use selling platforms such as eBay and Vinted could be contacted by HMRC by the end of this month. From the start of this year, new rules came into force which mean selling platforms must report certain details about sellers - such as how much they make - to HMRC to ensure those who should be paying tax on their earnings are doing so.

Platform operators have to let sellers know when they have reported your details to HMRC. The deadline for sellers to report sellers' details is January 31.

HMRC says: "The information is meant to help you to keep track of your earnings. It might also help if you need to tell HMRC about your income or send a tax return.

These reports do not replace your normal business records or tax calculations. "The report will show you the total amount that you have earned on the platform for the calendar year, less any fees, commission or taxes deducted by the platform.