Landlords using platforms like Airbnb need to be aware of HMRC’s new reporting requirements, which come into effect from January 2025 says a tax expert.

Although no new tax rules have been introduced, digital platforms such as Airbnb will now report sales data for those meeting certain thresholds. 

International Tax Advisor Andy Wood from Tax Natives says: “If you’re using platforms to sell goods, offer services, or make money in other ways, it’s worth knowing the tax rules. 

“If you earn more than £1,000 before expenses in a tax year, you might need to register for Self Assessment. This could include anything from flipping items for profit to renting out your spare room on Airbnb. HMRC’s aim is fairness – they’re not targeting casual sellers, just making sure everyone who needs to pay tax does so.  

“The £1,700 … threshold is simply the point where platforms report your sales data to HMRC. It doesn’t automatically mean you owe tax or need to fill out a tax return, but it’s a great reminder to check if what you’re doing counts as taxable income. If you’re unsure, getting advice from a tax expert is a smart move to stay on the right side of things.  

“As these changes roll out, staying informed is key. HMRC is working with platforms to give clear guidance, and you can use tools on the Gov.UK website to figure out if you need to register for Self Assessment. Taking action now can save you a lot of hassle later.”