If you’re using this popular app to sell some of your old things, there’s something you’ll soon need to consider. Vinted is a second-hand selling site and on September 8, new terms and conditions will come into place.
Vinted is introducing new rules next week and sellers who fall foul of them could end up being banned from the site. The new regulation includes a new ban for sellers, who must not “delete and re-list the same item multiple times or multiple items in bulk”.
It is a common tactic for Vinted sellers to relist items when they’re not selling. TikTok user Culture Force said the new update “doesn’t seem very fair” on users, reports the Mirror.
He explained: “Long story short, when sellers on Vinted and eBay have items that aren’t selling, a pretty simple trick is to relist the item.”
Vinted has also announced a ban on external software and bots being used on the site.
It comes after Vinted was forced to U-turn on an unpopular change to its delivery options last year. Sellers had complained that they were unable to deselect delivery options that they didn’t want to use.
This meant the buyer was given the choice of postage provider instead. Some users said this made Vinted trickier to use for seller – for example, if they didn’t have a printer but suddenly found themselves required to print a postage label.
Vinted reverted its shipping options back to its previous settings after the outrage.
Do I need to pay tax if I’m selling on Vinted?
You can earn up to £1,000 through a side hustle every tax year, without having to pay tax. This is known as your trading allowance.
If you make above this amount, you may need to declare this to HMRC through self-assessment.
However, if you are just selling unwanted items from your home, then it is unlikely you will need to pay tax on this.
You normally only need to pay tax if you’re selling items with the intention of making profit on them and you go over your trading allowance.
Online platforms such as eBay and Vinted share their sales data with HMRC when someone sells at least 30 items or earn €2,000 (roughly £1,700).
But again, this does not definitely mean you owe tax – you would only have to pay tax if you’re considered to be trading.
Under current rules, you need to fill a self-assessment tax form when you earn over £1,000 in extra income per tax year – but this is being raised to £3,000.
This will come into force by 2029. The amount of tax you need to pay won’t change – only the way you report your earnings to HMRC.