Vinted clothing sales

pritekc

Has anyone heard about the tax that will be on old clothes sold on vinted and ebay? i'm a single working mom, and have sold on there for a bit of pocket money for past 2 years. unsure on the tax implications, it's not a lot of money but don't want to get in trouble. thanks

martindow

There are quite a few threads on here regarding this.  Here is one

https://forums.moneysavingexpert.com/discussion/6578017/ebay-sales-over-1000/p1

The same rules apply to all selling platforms, but nothing has changed regarding the obligation to pay tax if your turnover is sufficient and you are buying to resell. 

If you are selling your old clothes on, there is no tax payable and again the situation is not changing.

LITRG

Hello. We are the Low Incomes Tax Reform Group (LITRG), part of the Chartered Institute of Taxation who are an educational charity. We are not part of HMRC or MSE. Although we can’t give individual advice, you might find our website information about selling through online platforms useful: https://www.litrg.org.uk/working/gig-economy/online-traders-and-using-platforms#2. If you require further help, we recommend that you contact a tax adviser, HMRC or one of the tax charities where relevant. You can find more information about where to get help with tax here: https://www.litrg.org.uk/tax-nic/getting-help-tax. Thanks.

jon81uk

pritekc said:

Has anyone heard about the tax that will be on old clothes sold on vinted and ebay? i'm a single working mom, and have sold on there for a bit of pocket money for past 2 years. unsure on the tax implications, it's not a lot of money but don't want to get in trouble. thanks

If you are selling your own old possessions there is no implications at all.

Only businesses buying to resell need to be concerned.

soolin

I am still very concerned at the lack of clarity and understanding around tax in the UK. This question rumbles on and on with tons of misinformation being bandied around, as well as some downright worrying ‘advice’, I’ve no idea how to begin to address the issue though. 

I suspect there will be more threads in the coming months once sites like Vinted and eBay get round to taking NI numbers from anyone . 

Spoonie_Turtle

soolin said:

I am still very concerned at the lack of clarity and understanding around tax in the UK. This question rumbles on and on with tons of misinformation being bandied around, as well as some downright worrying ‘advice’, I’ve no idea how to begin to address the issue though. 

I suspect there will be more threads in the coming months once sites like Vinted and eBay get round to taking NI numbers from anyone . 

Unfortunately I think it's a symptom of a lack of media and information literacy, compounded by terrible 'journalism' perpetuating confusion (and outright lies, for a lot of subjects).  If people knew how to look for the source of information, it would be a start.  Or if articles had to provide even just one source for their 'information', it would be a start. 

But, here we are, as individuals trying to give people the real information, but ultimately being about as effective as pebbles trying to stem the tide of misinformation and disinformation.  (Or that's how it feels, anyway!)

pritekc

thank you everyone

Langerhan

MSE did an article on this last week: https://www.moneysavingexpert.com/family/money-online-declare-tax/