HMRC news and archive

Fashion re-sellers must report sales to tax authorities

Individuals engaged in online side businesses such as reselling fashion and accessories, can anticipate increased scrutiny from tax authorities, with platforms such as Vinted and eBay now obligated to collect and share transaction details with HMRC as of January 1st. These measures, aligned with international efforts led by the Organisation for...

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Former BHS-owner Dominic Chappell arrested amid tax probe

London - The former owner of collapsed high street retailer British Home Stores (BHS), Dominic Chappell, has been arrested by HM Revenue & Customs following an investigation into unpaid taxes. Chappell was arrested earlier this month for failing to pay over 500,000 pounds in tax on profits made from BHS, reported the Sunday Times. The arrest...