Even online dog bloggers and influencers who are ‘gifted’ products or experiences will have to declare their value as earnings
Thousands of dog lovers across Northern Ireland could find their hobby and pin money under scrutiny from the tax man thanks to new rules coming in on January 1.
And for online dog bloggers and so-called influencers, the concept of being ‘gifted’ products or experiences as earnings and income will become subject to all the rules of paying tax. And that is because the Competition and Markets Authority, the CMA, considers payment to be “any form of reward, including money, gifts of services or products, or the loan of a product”.
Their plan is designed to crack down on tax evasion and avoidance, tax errors and those who simply do not know they should be paying additional tax, including those who look after other people's pets. Video Loading Video Unavailable Click to play Tap to play The video will auto-play soon8Cancel Play now The new rule is part of a wider effort by HMRC to clamp down on tax evasion, increasing its focus on the gig economy where people work short term contracts, online or at hobbies from the home.
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