Online Sellers Tax Scheme
People trading on the internet who haven’t paid all the tax they owe have one week left to get their tax affairs in order on the best terms available, by taking part in a scheme offered by HMRC.
Under the e-Markets Disclosure Facility, online marketplace traders who come forward between now and 14 June to register their intention to take part in the campaign, can benefit from lower penalties than those who HMRC catches up with later.
The campaign is aimed at people using online marketplaces to buy and sell goods as a trade or a business and who are not up to date with their taxes.
People who sell only a few personal items, however, and who are not traders are unlikely to be liable to pay tax on what they sell, and are not being targeted by this campaign.