Second-hand clothing is a serious business. In the UK, resold fashion is estimated to be worth over £7 billion – and it doesn’t seem to be going anywhere.
Sites like eBay, Depop, and Vinted are common picks for those looking to buy or sell pre-loved items, from vintage designer jackets to old lamps.
But what tax do you need to pay on the income you get from flogging your items?
In 2024, the government called out “misinformation... about a new tax for people selling their unwanted clothes or children’s toys, etc. online. This is not right”.
All that happened was that they changed how sites like eBay and Vinted have to report sellers’ incomes to HMRC.
The reporting changes mean these apps and websites have to let you know that your information has been shared with the tax ser...
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