eBay reports traders to HMRC in tax crackdown

Trading site eBay Inc confirmed over the weekend that it is handing over the names and full contact details of large numbers of traders to comply with an end of May deadline set by HMRC.

Online resellers have until 14 June to own up to any money they owe after the taxman wrote to 32,000 traders it has in its sights earlier this month. Those who come forward now with voluntary disclosures will pay a reduced penalty on the tax they haven’t paid.

The campaign is part of HMRC’s strategy to collect an additional £4 billion for the Treasury before next April.

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