HMRC Targets UK Gig Economy Income in 2024

HMRC has introduced new rules requiring popular online platforms to disclose income earned by UK individuals. The changes affect those earning money on sites like eBay, Amazon, Etsy, Fiverr, Upwork, Uber, Deliveroo, and more. With the updates taking effect in January 2024, HMRC aims to ensure taxes are paid on gig economy earnings. The tax authority warns it will pursue those not declaring side hustle incomes.