Selling an unwanted Christmas jumper? Watch out for tax trap

Digital platforms like eBay, Vinted and Airbnb will have to report seller data to HMRC from January giving the tax authority access to unparalleled information, warns Miruna Constantin, tax manager at RSM

Are you one of the millions of UK individuals selling second hand clothes on digital platforms? Whether you’ve been caught by the Marie Kondo urge to declutter and detoxify your wardrobe, or have a side hustle on platforms such as Vinted, Vestiaire Collective, eBay or Etsy, HMRC will be keen to find out more about potential untaxed income.

Vinted has over 8m registered sellers in the UK with some users claiming they have turned selling second hand clothing into a full-time job and thanks to new information powers HMRC will start to know about that income.

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