Vinted will implement updated guidelines next week, and sellers who do not comply may face a ban from the platform. The popular second-hand selling site will modify its terms and conditions on September 8, introducing a new rule prohibiting sellers from repeatedly deleting and relisting the same item or multiple items in bulk.
It is a common practice among Vinted sellers to relist items that are not selling well. Recent feedback from users, including TikTok user Culture Force, suggests that the new regulation may not be perceived as fair. Culture Force explained that when items are not selling on Vinted or eBay, sellers often relist them as a simple strategy.
In addition to the relisting restriction, Vinted has also made it clear that the use of external software and bots on the platform is prohibited. This update follows a previous reversal by Vinted in response to negative feedback regarding changes to its delivery options. Sellers had expressed frustration over not being able to opt out of specific delivery options, leading to inconvenience for both sellers and buyers.
Vinted restored its shipping options to their previous settings following the backlash from users. In a separate development, individuals engaging in side hustles can earn up to £1,000 per tax year without incurring tax obligations, known as the trading allowance. Declaration to HMRC through self-assessment is required if earnings exceed this threshold.
Selling unwanted household items typically does not require tax payment, unless the intention is to profit and exceeds the trading allowance. Online platforms like eBay and Vinted share sales data with HMRC once sellers reach a certain threshold of transactions or earnings. However, tax liability is contingent on being classified as a trader.
Current regulations mandate the completion of a self-assessment tax form for extra income exceeding £1,000 annually, with plans to raise this threshold to £3,000. A simplified online form will be introduced for earnings below £3,000 by 2029, maintaining the tax amount while altering the reporting process to HMRC.