Martin Lewis has shared a clear and simple explanation of the HMRC changes for people selling goods or services on platforms such as Vinted, eBay, and Airbnb.
Last year, HMRC announced that online platforms, such as Vinted and Depop, will have to start sharing seller information with HMRC.
Now, these online platforms must send information to HMRC when sellers reach a threshold where they may be eligible for paying tax.
Financial expert Martin Lewis has taken to X, formerly Twitter, with a video explaining what the HMRC changes mean for online sellers - clearing up any confusion.
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