Vinted will implement fresh guidelines starting next week, and sellers who violate them risk being barred from the platform.
The resale platform is set to revise 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.
Reposting unsold items is a common practice among Vinted sellers. However, the latest update has sparked concerns among users like TikTok content creator Culture Force, who expressed skepticism about the fairness of the new regulation.
Culture Force highlighted that when items fail to sell on platforms like Vinted and eBay, sellers often resort to relisting them as a simple strategy. In addition to this rule, Vinted has also declared a ban on the use of external software and bots on its platform.
This move follows a previous reversal by Vinted in response to backlash over changes to its delivery options last year. Sellers had criticized the inability to deselect unwanted delivery options, resulting in buyers having to choose the postage provider, making the platform more challenging to navigate for some users.
Vinted ultimately reinstated its original shipping settings following the uproar.
On a related note, individuals engaging in a side hustle can earn up to £1,000 per tax year without incurring tax obligations, known as the trading allowance. Declaration to HMRC via self-assessment becomes necessary if earnings exceed this threshold.
For those selling personal items without profit intentions, tax payment may not be required. However, platforms like eBay and Vinted share sales data with HMRC for users who sell at least 30 items or earn €2,000 (approximately £1,700).
The obligation to pay tax is contingent upon being classified as engaging in trade. Presently, a self-assessment tax form must be completed for extra income surpassing £1,000 annually, a threshold set to increase to £3,000.
For earnings below £3,000, a simplified online declaration form will be introduced by 2029 for reporting purposes, with tax liabilities remaining unchanged while improving the process of reporting income to HMRC.