HMRC targets Etsy, eBay and Gumtree sellers – but when is your hobby taxable?

‘Thousands of online sellers who use websites such as eBay, Etsy, Amazon and Gumtree are the focus of fresh attempts by HM Revenue & Customs to crack down on tax evasion, Telegraph Money can disclose.

Such websites are being forced to hand over customer account details, including their selling activity, as part of the Revenue’s legal powers that were extended last year.

This type of information gathering has enabled the taxman to target 14,000 individuals it suspects of failing to declare profits on their self-assessment tax returns, the Revenue confirmed.’

Read more: HMRC targets Etsy, eBay and Gumtree sellers – but when is your hobby taxable?