Around 14,000 people who sell goods via online marketplaces, such as Amazon, eBay or Gumtree, have been targeted by HM Revenue & Customs (HMRC) as part of its latest attempt to crack down on tax evasion. Online traders who are deemed to be operating as a business rather than a private seller have received a letter from HMRC informing them that they are suspected of not having declared their full taxable income. Online traders that have only made £100 profit and those registered as business sellers on eBay have been among traders targeted.
Read more about the crackdown CLICK HERE
If you feel that you might need to declare your online income on a Tax Return, we would be able to assist you with this.
Please call the office on 01229813388 and we would be happy to help