As we previously blogged about, HMRC are clamping down on professional eBay traders who don’t disclose their income.
They’re trying an interesting method to start a dialogue with traders. At 3pm on 28 March 2012 they’re hosting a Q&A session on Twitter.
Marian Wilson, head of HMRC campaigns said: ‘We want to help people trading online to understand when they need to pay tax, and how to do that. This Twitter Q&A will try to answer their questions and clear up any grey areas.’
It will be interesting to see if anyone engages with it but it’s a very welcome and unusually modern approach for HMRC.
They’ve also added a bit of detail to how the clampdown will work. They will start contacting those that they suspect of not paying sufficient taxes from 14 September 2012 and reiterated that they are not targeting those that just sell a few items but those that aim to make a profit.
We’ll certainly be watching.