Attention all Vinted sellers! A key change is coming on Monday, and if you’re not on top of it, you might risk getting banned. Starting September 8th, Vinted is updating its terms and conditions, and you’ll no longer be able to “delete and re-list the same item multiple times or multiple items in bulk.” This popular trick for relisting items that aren’t selling will soon be off-limits.
Some users, like TikTok’s Culture Force, aren’t pleased. According to him, this update isn’t fair for sellers who rely on the relisting strategy to boost visibility of their products. But that’s not all! Vinted is also cracking down on the use of external software and bots on their platform.
If you’re a frequent seller, here’s a quick tax tip: You can earn up to £1,000 a year from your side hustle without needing to pay any tax, thanks to the trading allowance. Go over that, and you might need to report it to HMRC. But if you’re just selling a few unwanted items from home, you probably don’t need to worry about taxes.
Remember, platforms like Vinted and eBay report sales data to HMRC if you sell over 30 items or make €2,000 (around £1,700). However, this doesn’t necessarily mean you’ll owe taxes unless HMRC considers you to be trading. Note that these reporting requirements are expected to change by 2029, making it easier to declare earnings under £3,000.
So, sellers, be sure to update your selling tactics and keep these important tips in mind to make sure you’re compliant and ready for the upcoming change!