HMRC’s Increased Data Monitoring

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HMRC is significantly increasing its ability to collect and analyse data from a wide range of sources. For businesses and self-employed individuals, this means greater scrutiny and a higher likelihood of discrepancies being identified.

If you operate through online platforms, payment providers, or booking systems, this is particularly relevant to you.

How HMRC Is Gathering Your Data

HMRC is now receiving detailed financial information directly from various platforms, including:

• Payment providers such as Dojo and ,Worldpay 
• Online marketplaces like Amazon, eBay, and Etsy 
• Food delivery services including Just Eat, Deliveroo, and Uber Eats 
• Transport platforms such as Uber 
• Booking systems like Fresha and Treatwell

This applies to all online platforms, not just the examples above. The data is shared with HMRC automatically.

New Update: You Receive the Same Information

A recent development means that these platforms are now also sending you copies of the data submitted to HMRC.

This typically includes:

• Total annual sales 
• Commissions and fees deducted 
• Bank account details where payments were made 

It is essential that you review these emails carefully, as HMRC is using the same information to assess your tax position.

Key Risks for Businesses and the Self-Employed

1. VAT Registration

If your turnover exceeds the £90,000 VAT threshold within any 12-month period, you are required to register for VAT.

Failure to do so may result in:

• Backdated VAT liabilities 
• Penalties 
• Interest charges 

2. Discrepancies in Reported Income

If the figures you declare differ from those submitted to HMRC by these platforms, this may trigger an investigation.

Common issues include:

• Reporting net income instead of gross sales 
• Omitting income from certain platforms 
• Errors in record-keeping 

Even small inconsistencies can raise concerns.

What You Should Do Now

To reduce risk and remain compliant, we strongly recommend that you:

• Review your sales and income records regularly 
• Ensure all figures reported match your actual earnings 
• Include all platforms and income sources in your reporting 
• Carefully check emails and statements from platforms

Stay Ahead of HMRC

HMRC’s increased access to data means that accuracy and consistency are more important than ever. Taking proactive steps now can help you avoid costly investigations and penalties later.

Book a Consultation

If you would like to review your position or discuss your circumstances in detail, please get in touch.

Call 020 7018 2910 to arrange an appointment.

Contact us today to discuss your situation in confidence and find out how we can help protect your interests.

For more information or assistance please get in touch with us.