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Vinted, eBay and Etsy
Sold 30 items on Vinted or eBay? That does not automatically mean you owe tax.
Key points
- Platforms may report you to HMRC at 30 sales or more than £1700 received in a calendar year - but reporting and tax are two different things.
- Selling unwanted belongings is normally not trading. Buying or making items to sell for profit can be.
- And if your gross trading income exceeds £1,000 in a tax year, you will usually need to tell HMRC.
- Don’t ignore an HMRC letter. Get the facts checked properly.
Does this apply to you?
Get advice that fits your situation from our Guildford team.