Sell ​​30 items on the spot? Don’t panic if you get a message about taxes

Jenzz Janin Billie Van Westhuizen started using better about six months ago

“I explained this and sold the weed from the load,” he said. “Then I got a message that I needed to enter my national insurance number. It wasn’t really clear why it was asking.”

Vinted users who have sold 30 items or made £1,700 in a year are being asked for an NI number, leaving many with confused bills and some panicking that they will have to pay tax.

But this is not about tax changes – it is because of reporting rules for websites for websites and applications that allow users to sell goods or services, counters, D.Top, Deopy, DeTop, Detsy, DeTop, Detsy, DeTop, Detsy, DeTop, Deopy, DeTop, Deopy, DeTop, Depop and Airbnb.

Billie, 30, from London, said she sent the number as requested but in hindsight was not sure.

“I just sent it but I’m sure there’s no way I can make this amount of money,” he said.

“If I made thousands maybe, but I reckon I’ve made £500 and I’m selling things for less than I paid for.”

Millie’s pop-up pressure received sent the user vinted to a form asking for their name, address and NI and NI “required by UK Law”.

Some of the traders who have already installed screens posted messages on Tiktok and Instagram asking if they should provide information, and if they do, it will be kept, will be taxed.

One user posted on Reddit: “Vinted asking for a national insurance number, do I have to pay tax on this? I can barely make myself ignore this?”

Charsant Cara Accountant Unit. Say that while many people may panic when asked for tax information by their employer, for most users this is not a concern.

“If you’re just selling second-hand clothes or household goods, you won’t incur any tax, even if the stock is deducted from the data with HMRC,” he says.

“This rule is aimed at those who change their resolution efforts, not those who reduce their warrer.”

It would be very easy for HMRC to say someone is trading by checking a selection of similar products or similar items to produce a higher price, he added.

New reporting requirements for digital Platimals are due on January 1, 2024 and the government says they will help “responsibly tax”.

Vinted sellers have reportedly received messages on applications asking for NI numbers at this time of year.

Information must be shared with HMRC by the end of the calendar year when the seller hits the 30 item or £1,700 threshold, depending on the vinted.

PACLC said

“As your side grows, what taxes are not paid in the spotlight.

“This can lead to an unexpected tax bill and is very likely if you haven’t told us about the extra money you’ve earned. That’s why it’s important to stay on top of your tax affairs.”

Research conducted by HMRC in 2022 found in one in 10 adults to the superiority of ijana “- income that is all hidden from the tax authorities to avoid taxes.

• The platform must tell HMRC about anyone who sells more than 30 items or whose total sales hit £1,700 in a year
• This does not automatically mean that these people have to pay taxes
• Selling your own clothes or other goods is not taxable if you sell them for less than you originally made when you did not make a profit
• The tax only applies if you buy shares to sell, or make more than £1,000 in profits per year
• If you sell an item for more than £6,000, you must pay income tax.
• You can use HMRC’s online tool to check if you need to tell the authorities about your income