Following the UK’s agreement to the OECD’s global data sharing objective to tackle worldwide tax evasion, HMRC will now be able to access seller information on online platforms.

Platforms such as Etsy, Vinted, eBay and even media platforms such as Instagram and Only Fans, are required to collect sales and income information from their sellers and influencers to share with HMRC.

In addition, platforms which provide services such as Uber, Deliveroo and Airbnb, will also have to share their data on any services which receive payment. Interestingly, it is the younger generation which takes advantage of using online platforms to generate extra income.