Since 1 January HM Revenue & Customs requires digital platforms – such as Airbnb, eBay and Vinted – to collect information on how much their users make.
While this so-called ‘side-hustle tax’ is not a new tax, this means people who have never declared their income from these sites could soon be on HMRC’s radar and face the prospect of large bills, or even fines, if they do not adhere to the law.