General information only, not advice for your circumstances. Please talk to us before acting.
Since 1 January 2024, digital platforms such as online marketplaces have had to collect information about their sellers and report their income to HMRC each year, by 31 January after the end of the calendar year.
Who is affected
The rules cover people selling goods, services or lettings through platforms. Occasional sellers with fewer than 30 sales a year and receipts below about £1,700 are generally not reported. Selling your own unwanted personal belongings is not usually taxable, but buying to resell or making things to sell can be a trade.
What to do
- Check whether your online income means you need to register for Self Assessment
- Keep records of sales, costs and fees for each platform
- Tell HMRC about any income you have missed: putting it right voluntarily usually means lower penalties
