So you\u2019re selling on Vinted and you\u2019re starting to make decent income \u2013 but what does that mean for your taxes? Vinted is required to share sellers\u2019 information with HMRC, so it\u2019s important to make sure which Vinted tax rules apply to you.<\/p>\n\n\n\n
Yes, you do have to pay tax on income you earn from Vinted. However, not all sales count towards taxable income on Vinted as selling your personal items (such as unwanted clothes) is not taxed<\/strong>. This means that usually only Vinted business sellers trading for profit will have to pay tax.<\/p>\n\n\n\n You won\u2019t have to pay tax on Vinted if:<\/p>\n\n\n\n So if you\u2019re selling unwanted items from around your home, you likely won\u2019t have to pay tax on your Vinted sales. But if you\u2019re buying items specifically to sell on Vinted in order to make a profit, you\u2019d be considered an online trader, and will need to pay tax if you meet certain thresholds.<\/p>\n\n\n\n Vinted will contact any sellers who may need to pay tax. You\u2019ll hear from Vinted if you\u2019ve:<\/p>\n\n\n\n Even if you meet one of these criteria and Vinted contacts you, it still doesn\u2019t mean you have to pay tax, so make sure you check HMRC\u2019s requirements carefully.<\/p>\n\n\n\n Read more: <\/strong>How to sell on Vinted \u2013 everything you need to know<\/a><\/p>\n<\/div>\n\n\n\n If you fall outside of the above criteria, you may need to pay tax on your Vinted sales. If so, there are two key figures you need to remember here.<\/p>\n\n\n\n However, it\u2019s important to note that these figures are the same for all of your self-employed income streams. This means that if you sell through Vinted and another platform (such as Etsy<\/a> or Depop<\/a>), these all count under the same threshold, not individually.<\/p>\n\n\n\n The tax-free trading allowance is currently set at \u00a31,000 each tax year<\/strong>. This means that you won\u2019t have to pay tax on any self-employment income under this amount.<\/p>\n\n\n\n The second is the <\/strong>Self Assessment reporting threshold. This is currently also \u00a31,000<\/strong> but is set to increase to \u00a33,000 by 2029. <\/p>\n\n\n\n When this threshold rises, if you earn between \u00a31,000 and \u00a33,000, you\u2019ll only have to complete an income declaration via a simple online form \u2013 rather than a full Self Assessment. Until then, you\u2019ll need to complete a Self Assessment, which we\u2019ll go over more below.<\/p>\n\n\n\n If the price of any single item you sell is more than \u00a36,000<\/strong>, you may need to pay capital gains tax <\/a>on it.<\/p>\n\n\n\n <\/p>\n\n\n\n\n
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How much can you earn on Vinted before paying tax?<\/h2>\n\n\n\n
Tax-free trading allowance<\/h3>\n\n\n\n
Self Assessment reporting threshold<\/h3>\n\n\n\n
Capital gains tax<\/h3>\n\n\n\n