There are no new tax obligations for people selling services or unwanted items online as platforms start sharing sales data with HMRC from January 2025.
- Online platforms to start sharing some user sales and personal data with HMRC from January 2025
- HMRC confirms there are no changes to tax rules for people selling their unwanted possessions online
- Guidance for online sellers can be found on GOV.UK
People selling unwanted items online can continue to do so with confidence and without any new tax obligations, HM Revenue and Customs (HMRC) has confirmed.
The reminder comes as online platforms start sharing sales data with HMRC from January 2025 - a new process that, when announced last year, generated inaccurate claims that a new tax was being introduced.
But whether selling last year's festive jumper, getting some money back for a child's outgrown baby clothes, or quietly offloading an unwanted Christmas present or two - absolutely nothing has changed for online sellers.
For anyone who is unsure if their additional income could be taxable just search 'online platform income' on GOV.UK to use HMRC's free online tool or download the HMRC app and go to the 'news' section under the 'communication' tab f
