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HMRC handing out fines for Vinted and eBay sellers this January says tax expert
HM Revenue & Customs targets UK sellers exceeding £1,000 profit or 30 sales on platforms to enforce tax compliance with fines and investigations.
- As the filing deadline approaches, HM Revenue & Customs is matching platform records after receiving marketplace sales and user data this year; missing January 31, 2026 can incur a £100 fine.
- Rising use of eBay, Etsy and Vinted prompted warnings from tax professionals, especially after reporting thresholds on Vinted require data sharing if users do 30 sales or more than £1,000 of gross sales over 365 days.
- Matching platform data to tax returns exposes undeclared trading, and sellers exceeding the annual trading allowance of £1,000 or 30 sales per year face reminder letters and possible inquiries, Lee Murphy said.
- Immediate £100 fines apply for returns up to three months late, with late-payment interest at 7.75% per year and daily £10 penalties after three months up to £900; the Time to Pay scheme helps debts under £30,000.
- Alastair Douglas, TotallyMoney CEO, urges taxpayers to act now to avoid long waits as millions must complete self-assessment before month-end and HMRC helpdesk lines peak.
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The Herald Scotland+29 Reposted by 29 other sources
HMRC handing out fines for Vinted and eBay sellers this January says tax expert
Vinted, eBay and Etsy sellers are at risk of going under criminal investigation as HMRC invests an extra £40m to find tax avoiders who are not…
·Scotland, United Kingdom
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Total News Sources31
Leaning Left3Leaning Right0Center26Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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