Gen Z has bet big on side hustles as they look for new ways to generate extra cash as the cost of living continues to rise. But while online platforms like Vinted, Depop, and eBay have exploded with sales, these off-the-books earnings will soon owe a slice to the taxman.
Britain’s tax body, HM Revenue & Customs, has told online and app retailers they'll need to divulge the income of users on their platforms beginning Jan. 1—irrespective of whether individuals are selling clothes on Depop or room rentals on Airbnb.
