Trade or pin money?

THE UK’s tax authorities are sending reminders to thousands of online sellers whom they believe might not have declared tax.

HMRC, who can access abundant data, have been cracking down on online traders who have omitted to declare taxes for annual sales of more than £1,000 (€1,151).

eBay, apps and websites including De­ pop, Facebook Marketplace and Vinted, have all grown in popularity since the pandemic. mainly on quantity, not quality, the 11th survey of salaries by El Pais concluded.

Millions use them to make some extra cash or, in cases like Etsy, to launch a business.

Most people sell a few items and are not professional traders but HMRC is likely to regard as a business anybody who sells regularly to make a profit, or buys in bulk.

Few women executives were truly in charge, analysis revealed.

The continuing imbalance was also reflected in women’s salaries, the newspaper pointed out, although this was not exclusive to females.

El Pais found that the best­paid executive directors of the Ibex 35 companies ­ equivalent to the UK’s FTSE 100 ­ earned an average of €4.73 million in 2022.

This amount was 81.5 times greater than the annual €58,095 earned by the employees of the companies they managed.

The divide has also widened in comparison to previous years, as the difference between boss and employee was 76 times greater in 2021 and 79 times more in the 2020 pandemic year.