eBay issues urgent 'side hustle tax' warning to sellers amid fears of huge bill

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HMRC said it's going to start looking at people who make extra cash from side jobs or hobbies, like selling stuff on eBay

eBay has sent out a warning about a 'side hustle tax' that's got people who sell things on the site worried.

The rules about telling HMRC about money you make on the side haven't changed. But now, HMRC has said websites like eBay have to share info with them. This is so HMRC can check if people are paying the right tax for money made this way, and this is different from before, reports Yorkshire Live.eBay wants to make sure sellers know what's going on with this 'side hustle tax'. They want to make sure you're not worried.

They also said: "In general, selling personal items is not taxed if they're below £6,000 and you're not selling as part of a business.

 

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