Etsy said it is required to report information about UK-based sellers’ 2024 sales to the UK tax agency HM Revenue and Customs (HMRC) next January. In its post published on the Seller Announcement board on Friday, Etsy wrote:
“Digital platforms like Etsy must now report information and income to HMRC for UK-based sellers who meet the requirements. We’ll be required to file our first report in January 2025 for sales made during the 2024 calendar year, and qualifying Etsy sellers will receive a copy of the information shared with HMRC.”
It also told sellers, “According to the HMRC if your total income from trading or providing services online was less than ￡1,000 (before deducting expenses) in any tax year, you would not be required to pay tax on the profits.”
Etsy advised sellers to reach out to the government agency or consult a tax professional with any questions, and it included a disclaimer that the post was intended for informational purposes only. “Etsy is unable to provide financial or tax advice. Please consult an expert if you have any questions.”
