If you regularly sell goods or services through an online marketplace, you could be classed as a ‘trader’.
If you earn more than £1,000 before deducting expenses incurred wholly or exclusively incurred for your trade, you will be liable to pay Income Tax on any profit you realise.
An online marketplace is any website or mobile phone app that handles and enables the sale of goods and services from individuals and/or businesses to customers.
If you only sell items occasionally, you can check if you need to tell HMRC about this income.
If you’ve never declared income through a Self-Assessment tax return, you can register for HMRC Online Services.
See: Selling online and paying taxes – information sheet – GOV.UK (www.gov.uk)
Please talk to us if you need any advice in this area.
