Do you need to pay tax on items sold on Vinted? What you need to know

• Sellers on platforms like Vinted, eBay, and Depop who buy items to resell or make products to sell must register for self-assessment if their income exceeds £1,000 in a tax year.
• People selling personal, second-hand items generally do not pay tax, but digital platforms are now required to share seller details with HMRC.
• First-time sellers and side-hustlers who meet the criteria must register for self-assessment by the 5 October deadline to avoid potential fines.
• The £1,000 threshold applies to gross trading income rather than profit, covering second jobs, foreign earnings, and various side hussles outside main employment.
• Reductions in the Capital Gains Tax allowance to £3,000 mean more individuals trading stocks, cryptocurrency, or other assets outside ISAs must also register.

IN FULL

Vinted tax rules UK: One-week warning served for online side-hustles