Many people in the UK sell personal items online or at car boot sales. And some have started asking ‘do I have to pay tax on selling personal items?’ The answer depends on what you’re selling and how often. Do I Have to Pay Tax on Selling Personal Items for Less Than I Paid? If […]
Category Archives: Tax
11
Mar
Mar
To ensure you know how to prepare for the New Tax Year 2025 here are a few things to consider Review Your Financial Situation Now is a great time to look over your finances and see if there are any tax-saving opportunities or adjustments you can make before the new tax year begins. If you’re […]
25
Feb
Feb
Selling clothes online can be a fun and profitable way to earn extra income, whether you’re clearing out your wardrobe, selling handmade items, or running a full-scale business. However, one of the most important questions many online sellers ask is: “Do I have to pay taxes if I sell clothes online?” In the UK, the […]
14
Feb
Feb
As an online seller on platforms like Etsy, it’s important to understand your tax obligations and how HMRC (Her Majesty’s Revenue and Customs) views your earnings. One common question many Etsy sellers have is: “Do Etsy inform HMRC?” The answer to this question is not entirely straightforward, but it’s important to know the responsibilities you […]
07
Feb
Feb
As a taxpayer in the UK, one of the most common questions people have is, “Do I have to report all income?” The short answer is yes – generally, you are required to report all your income to HMRC. However, there are some exceptions and thresholds that might apply, depending on the type of income […]
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How much can you sell online before paying tax in the UK?
29
Jan
Jan
In recent years, selling goods online has become a popular way to earn extra income. Whether through platforms like eBay, Etsy, or Facebook Marketplace. And, because of this, lots of people now ask “How much can I sell online before paying tax in the UK?” The answer depends on a few factors, including how much […]
23
Jan
Jan
If you’ve been selling clothes or other items on Vinted, you might be wondering, “Do I need to tell HMRC about my Vinted income?” The answer depends on a few factors, including how much you’re earning and whether it’s considered a business activity. In this post, we’ll help you understand your tax obligations when using […]
16
Jan
Jan
We’ve had lots of enquiries recently with people asking us ‘Do I need to report my online income?’ And we’ve helped them with that so we thought we’d create this post to help you. In today’s digital age, many people in the UK are earning extra income from online platforms. Whether it’s selling products on […]
09
Jan
Jan
If you’re self-employed or earn income outside of PAYE, you’ve likely asked: “How do I pay my Self Assessment?” In this guide, we’ll walk you through the process step by step, ensuring you meet HMRC’s deadlines and avoid penalties. How do I pay my Self Assessment? Step 1: Complete Your Tax Return Before making a […]
30
Dec
Dec
When selling a property that has been your main residence, you may be subject to Capital Gains Tax (CGT) on any profit made from the sale. However, certain exemptions and reliefs are available to reduce or eliminate CGT liability. In this guide, we’ll explore the process of the disposal of a private residence in the […]
