The lines, and where each one comes from
Every figure below was read on the tax office’s own page on 2026-10-12. The date printed on each page is shown beside it. If a tax office changes a figure, we change it here and the date changes with it.
United States
Tax year: calendar year (1 January to 31 December).
- $400 (USD net earnings from self-employment in the year). IRS, Self-employed individuals tax center, Page Last Reviewed or Updated: 27-Sep-2026; read 2026-10-12. “You have to file an income tax return if your net earnings from self-employment were $400 or more.”
- $1,000 (USD of tax you expect to owe when the return is filed). IRS, Estimated taxes, Page Last Reviewed or Updated: 25-Sep-2026; read 2026-10-12. “Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.”
- $20,000 (USD of payments for goods or services through one payment app or marketplace in the year). IRS, Understanding your Form 1099-K, Page Last Reviewed or Updated: 28-Jun-2026; read 2026-10-12. “A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $20,000 in more than 200 transactions. However, they may send you a Form 1099-K with lower amounts and/or transactions.”
- $200 (transactions through that payment app or marketplace in the year). IRS, Understanding your Form 1099-K, Page Last Reviewed or Updated: 28-Jun-2026; read 2026-10-12. “... total over $20,000 in more than 200 transactions.”
- lower in some states (a state may set a lower Form 1099-K reporting threshold than the federal one). IRS, Form 1099-K FAQs: general information, Page Last Reviewed or Updated: 03-Apr-2026; read 2026-10-12. “Your state may have a lower reporting threshold for TPSOs, which could result in you receiving a Form 1099-K, even if the total gross payments and transactions did not exceed the federal reporting threshold.”
United Kingdom
Tax year: 6 April to 5 April.
- £1,000 (GBP of gross trading income in the tax year (before expenses)). HMRC, Tax-free allowances on property and trading income, Last updated: 8 May 2019; read 2026-10-12. “You can get up to £1,000 each tax year in tax-free allowances for property or trading income from 6 April 2017.”
- £1,000 (GBP of total trading income in the tax year). HMRC, Check if you need to tell HMRC about your income from online platforms, Last updated: 13 February 2025; read 2026-10-12. “If your total income is more than the £1,000 trading allowance for the tax year (6 April to 5 April), you'll need to tell us about it.”
- 5 October (the date, in the year the tax year ends, by which you must tell HMRC you need to complete a return). HMRC, Check how to register for Self Assessment, page read 2026-10-12 (it names the current year's date: 5 October 2026 for the 2025 to 2026 tax year); read 2026-10-12. “You must tell HM Revenue and Customs (HMRC) by 5 October 2026 if you need to complete a tax return for the previous tax year and you have either: [two bullets follow on the page] not sent a tax return before / registered before but did not need to send a tax return for the tax year 2024 to 2025.”
- 31 January (the date, in the year after the tax year ends, by which the online return and the tax are due). HMRC, Self Assessment tax returns: deadlines, page read 2026-10-12 (it names 31 January 2027 for the 2025 to 2026 tax year); read 2026-10-12. “You must submit your online tax return by 11:59pm on 31 January 2027 or you'll get a late filing penalty. [And, on the same page:] You must still pay the tax you owe by 11:59pm on 31 January 2027 or you'll get a penalty.”
- 31 October (the date, in the year the tax year ends, by which a paper return must reach HMRC). HMRC, Self Assessment tax returns: deadlines, page read 2026-10-12 (it names 31 October 2026 for the 2025 to 2026 tax year); read 2026-10-12. “HMRC must receive your paper tax return by 11:59pm on 31 October 2026 or you'll get a late filing penalty.”
Singapore
Tax year: calendar year (1 January to 31 December), taxed in the following Year of Assessment.
- S$6,000 (SGD of net trade income (gross income less deductible expenses) in the year). IRAS, Essential tax information for online sellers and service providers, Last updated 1 September 2026; read 2026-10-12. “Even if you do not hear from IRAS, you will still need to file a tax return if your total annual net trade income exceeded $6,000, or if your annual taxable income including your net trade income, was more than $22,000.”
- S$22,000 (SGD of annual taxable income including net trade income). IRAS, Essential tax information for online sellers and service providers, Last updated 1 September 2026; read 2026-10-12. “... or if your annual taxable income including your net trade income, was more than $22,000.”
- S$6,000 (SGD of net trade income a year, above which a self-employed Singapore Citizen or Permanent Resident must make compulsory MediSave contributions). IRAS, Essential tax information for online sellers and service providers (section 7, Compulsory contributions to MediSave), Last updated 1 September 2026; read 2026-10-12. “As a self-employed individual, you are required to make compulsory contributions to your MediSave Account as long as you are a Singapore Citizen or Permanent Resident, and your net trade income exceeds $6,000 per annum. You will receive the 'Notice of CPF Contributions for Self-employed Persons' from CPF Board if your assessed net trade income exceeds $6,000.”
Built for the lines
The check is built for one job: your sales, your profit and your number of sales against each country’s lines. Your own tax bill depends on your other income, your deductions and your country’s rates, so take these results and your records to your adviser and the hour is well spent. Trading means buying or making things to sell; clearing out your own old things is a different matter, and the tax office pages above say so.
Records to keep, wherever you are
- The date, platform and item of every sale, and what you received (price and postage).
- Every fee the platform took, your postage costs, and what each item cost you.
- Platform statements and payout reports, downloaded each month.
- Receipts for stock and supplies.
The free profit tracker keeps all of that, with the fees worked out from each platform’s published rates.