HMRC has issued a new tax alert that highlights potential pitfalls for those running side hustles or selling goods and services online.

The tax authority has reminded sellers that while digital platforms may report their details, this doesn’t necessarily mean they will owe tax. However, if people are buying or making goods to sell at a profit, they might be considered traders and required to pay tax on their earnings.

In a recent post on X, HM Revenue and Customs (HMRC) stated: “Do you sell…