The e-marketplaces campaign is for people who are trading online through an online marketplace, sometimes referred to as an online auction or online market to sell goods and services as a trade or as a business but aren’t paying the right amount of tax.
If you trade online this guide explains how you can tell HMRC of your previously undisclosed income and pay what you owe. To take advantage of the preferential terms on offer you must tell HMRC you wish to take part in the e-Markets Disclosure Facility (e-MDF) by 14 June 2012.
For some people it’s hard to decide whether they are trading or not, and HMRC’s guide will help you decide if you are trading and what to do if you need to get your tax right.
The campaign isn’t for people who only sell a few of their personal items. They are unlikely to need to pay tax as they aren’t trading.
To read HMRC’s gude on the e-marketplaces campaign please visit http://hmrc.gov.uk/campaigns/emarket.htm