HMRC produces tax guide for e-traders
HM Revenue & Customs (HMRC) has put together an online guide to tax for traders selling goods online via auction sites like eBay.
The guide explains the difference between people who may be liable for tax if they trade online with the intention of making a profit, and those who are simply selling off unwanted items.
E-traders who start a new business are required to inform HMRC within three months of starting to trade, the Government's News Network reported.





