New Tax Regulations for Side Hustle

Author

Adaline Mary John
January 05, 2024

Webretailer Newsletter

In the New Year, online sellers on platforms like Vinted, eBay, Etsy, and Depop who have been avoiding tax could face new regulations under the ‘side hustle tax.’ 

Having already started from January 1, digital platforms such as Airbnb and Amazon have to share seller information with HM Revenue and Customs (HMRC) as part of a crackdown on tax evasion.

This change aims to level the playing field with traditional businesses and their tax frameworks while also enabling better detection and tackling of tax evasion.

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Cheers

Webretailer Team