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Martin Lewis has clarified the confusion surrounding the government’s so-called “side hustle tax” on platforms such as eBay, Vinted, Etsy, and airBnB.
Speaking on his ITV show on Tuesday, 9 January, the MoneySavingExpert founder explained how firms will be required to report earnings to HMRC – but they will only do so automatically if a 30 or more items a year are sold, or if a seller has total earnings over the equivalent of €2,000 (around £1,700).
“A woman got in touch with me worried because she was selling her old baby stuff for a couple of hundred quid… you are not going to be taxed,” he said.
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