Politics and Government Politics and Government

Money blog: HMRC issues tax clarification - as Vinted and eBay to start sharing seller information with tax man


Published on 2024-12-04 14:09:47 - Thomas Matters, WOPRAI
  Print publication without navigation

  • People selling unwanted items online can continue to do so without any new tax obligations, HMRC has confirmed - but regular sellers might have their details shared with the tax man from January. Read this and the rest of today's personal finance and consumer news below.

The article from Sky News discusses various financial and consumer-related updates in the UK. Key points include: the Bank of England's decision to maintain interest rates at 5.25%, despite inflation falling to 3.9%, which is still above the target of 2%. This decision reflects ongoing concerns about inflation and economic stability. Additionally, there's a mention of a significant drop in UK house prices, with Halifax reporting a 1% decrease in December, marking the largest annual fall since 2011. The article also touches on consumer behavior, with a noted increase in spending on experiences like travel and dining out, as people adjust to the cost of living crisis. Furthermore, there are updates on energy prices, with Ofgem announcing a new price cap, and discussions on the potential impact of the upcoming general election on economic policy. Lastly, there's a brief on the rise of 'shrinkflation' where product sizes decrease while prices remain the same or increase.

Read the Full Sky Article at:
[ https://news.sky.com/story/money-latest-personal-finance-consumer-live-13040934 ]