HMRC crackdown on workers who earn extra income comes into force - what tax do you need to pay?

New rules have come into effect allowing the taxman to get a closer look at the extra income people are making through selling items online or renting out properties on Airbnb. We explain what it may mean for your tax bill.

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(Image credit: damircudic)

Holiday homeowners, online marketplace sellers and people who rent out property on Airbnb face a tax crackdown after new rules came into force at the start of the year.

Digital platforms like eBay, Vinted and Airbnb are now required to report information about the income of users directly to HMRC. It could see thousands of people who earn a bit of extra income being caught out by the taxman if they haven’t declared it.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.