25-07-2015 12:19 via nottinghampost.com

DanRobinson published Online sellers could face tax crackdown

The face of online selling could soon be transformed with the taxman looking for a share of the profits.Traders using websites like eBay and Gumtree may have to declare the money they make online in one of the "biggest tax crackdowns in history" under new government plans.HM Revenue and Customs wants to collect extra data from businesses and individuals turning profits as it believes this "hidden economy" could be worth £5.9 billion in tax.It has launched a 12-week...
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