Avoid HMRC fines for crossing 'threshold' selling on Vinted - what to do View 2 Images

The number of Brits turning to Vinted as a professional selling platform is on the rise, with the phrase 'Vinted pros' seeing a 50 per cent increase since last year according to Google Trends. With the growing popularity of 'Thriftmas', where over £2 billion was spent on second-hand gifts last festive season, many seeking to earn some extra Christmas cash might find themselves crossing the Self-Assessment threshold.

Under existing regulations, anyone earning more than £1,000 from self-employment, freelance work, or side gigs must register with HM Revenue and Customs ( HMRC ) and submit a Self-Assessment tax return. Even those earning less are strongly encouraged to maintain records of all income an

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