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HMRC Gets Seller Data From Vinted, eBay as New Marketplace Reporting Rules Take Effect

Advisers say casual sales are usually tax-free, with Self Assessment likely for those above the £1,000 trading allowance.

Overview

  • From the start of this year, platforms must report accounts that hit 30 or more transactions or pass platform thresholds such as £1,700 in gross sales on Vinted over 365 days.
  • HMRC is using platform-provided information to match activity to tax records and can issue reminder letters to those who appear to have undeclared trading income.
  • Reporting to HMRC does not automatically mean tax is due, since tax is assessed on trading profits rather than total sales.
  • Sellers who regularly buy to resell, maintain consistent sales, exceed 30 transactions, or take in more than £1,000 in trading income are advised to review their tax position.
  • Tax professionals urge keeping detailed records and claiming legitimate costs such as postage, packaging, platform fees and stock to accurately calculate any profit.