Attention, Vinted users! 🚨 Big changes are coming to your favourite second-hand selling platform! Starting today, Vinted is shaking things up with a new set of rules, and here’s what you need to know.
Sellers can no longer delete and relist the same item multiple times to boost visibility. This move targets a trick many sellers used to revive interest in unsold items, similar to strategies on platforms like eBay. If you’re caught doing this, you could face a ban! 😱
But that’s not all. Vinted has also banned the use of third-party software and automated programs. This comes after last year’s reversal of an unpopular delivery change that left many sellers frustrated. The decision had limited sellers’ control over postage providers, leading to some tricky situations if you didn’t have access to a printer. Thankfully, Vinted listened and reverted those changes.
And here’s a hot tip on taxes! 🔥 If you’re worried about tax on your Vinted earnings, remember you can earn up to £1,000 a year without paying tax, thanks to the trading allowance. Exceed this? You’ll need to report it via self-assessment. However, if you’re just selling your old stuff and not making a business out of it, you’re likely safe from the taxman. 😉
From 2029, if you earn under £3,000 in extra income, you’ll just need a simple online form to declare it. The rules are evolving, but the tax rate remains unchanged.
Stay savvy, stay compliant, and keep thrifting! 🛍️💳✨#VintedUpdate #ThriftSmart #SellerAlert