HMRC digital platform reporting

[whois-search]

I note the HMRC digital platform reporting deadline today aka ‘Side Hustle’ Tax:

https://www.itv.com/news/2025-01-30/side-hustle-tax-what-is-it-and-will-you-need-to-pay

Does anyone know if this will apply to UK based owners of domain auction platforms?

The rules here are not very helpful:

Check if you need to carry out digital platform reporting

Check if you need to tell HMRC if you’re in the UK and run a digital platform that lets users sell goods or services.

www.gov.uk

Or are they only after users of eBay or Vinted etc ?

 

[GreyWing]

Another reason to offshore any such platform?

 

[dn]

UK based owners of domain auction platforms

are there any?

 

[whois-search]

There are a few UK based platforms like: Flip.uk

But I was thinking along the lines of 123-reg (Godaddy UK) selling customer names:

Make profit from your portfolio - Sell your domain names

Got a domain name you want to sell? Find out how you can go about learning the value of your domain and then selling in this guide

www.123-reg.co.uk

Or anyone setting up a new one ;)

Finally Here - Well Almost - The Dutch Auction Site For My Domains

I’ve been talking about this for almost 10 years, boring friends to sleep by insisting that Dutch Auctions are the best way to sell premium domain names.

www.greywing.uk

 

[GreyWing]

Or anyone who setting up a new one ;)

Oh, I was going to keep that sales platform to just myself selling off my own names rather than opening it up to other people. The software is there for people to submit and sell their own names, but I wanted to just downsize my own portfolio rather than run another business. The real money in the developing the software is going to be in the HGV.uk side. It's almost identical to the domain sales, except the prices go up rather than down. The haulage industry is considerably bigger if I can get it right.

It was more a test to see if it was good fun way to sell domains and learn the coding at the same time.

 

[Jeff]

Good luck with this @GreyWing, irrespective of whether you decide to open it up to other domainers or not.

Wasn't @rdce80 planning to introduce Dutch auctions to DNWE and/or Flip? Did anything come of that?

 

[GreyWing]

Wasn't @rdce80 planning to introduce Dutch auctions to DNWE and/or Flip? Did anything come of that?

I heard recently that that was the case. I'd been trying to get the software to do it for around 10 years, I think I've been ranting one about it for that long.

Now I have worked through the issues I can see why if Ryan had also been looking at for a while, why he was never able to make it work. Unless you are a programmer yourself, it's difficult to really work through all the problems by offloading it to a developer who doesn't know really what you are asking for.

 

[Jason]

Surely it's not hard to program this. Even if you had a simple set up i.e. datetime fields in the SQL table for auction start and end times, and a value for the amount in £ for the daily/ hourly price decrement, you could determine the current price on the fly using PHP functions like date(), mktime(), DateTime::diff etc. It's just a case of seeing how much time has passed from the start time and how many decrements would need to be applied to the initial price to determine the current Buy price.
.

 

[GreyWing]

Surely it's not hard to program this. Even if you had a simple set up i.e. datetime fields in the SQL table for auction start and end times, and a value for the amount in £ for the daily/ hourly price decrement, you could determine the current price on the fly using PHP functions like date(), mktime(), DateTime::diff etc. It's just a case of seeing how much time has passed from the start time and how many decrements would need to be applied to the initial price to determine the current Buy price.

You are right, the programming isn't hard, infact AI nailed it for me in a few minutes. It's the trying to keep the flow simple so that people know what's going on. Trying to get one picture of how it all will work at the beginning of the process and handing it off to a developer is the difficult part. A lot of it was trial and error and walk back and start bits again as you knew they wouldn't work.

For example, do you let everyone just do what they want? Choose their own start time? Choose their own duration, choose their own reserve. Do you have a verification process? Do you have a time out zone, creating a pre sale time out zone where hgv jobs (domains in this case) stay for x amount of time before they go live. Ideally you don't just want auctions popping up out of nowhere and starting immediately as that's money someone may have paid the seller. On mine I have a 48 hour holding zone so people can see what is starting and when.

All this could be done manually, but it's a lot of work. I had to go back and forth many times on the design of the flow and get it all automated. If I was to do it all again, yes you are right it would be a lot easier to do. A lot of the lessons learnt on this will make the HGV project much much easier for me, so in a way, it's already a big success for me..

I have Was.co.uk + .uk starting tomorrow at 14:00 I think.

Just doing a few things to the site this evening then it will be back later so if people want to try it they can. Go easy on the feedback