@itvnews: On January 31st, online sales platforms - such as Ebay and Vinted - will have to send information to HMRC on sellers, but critics say this is a side hustle tax #itvnews #tax #sidehustle

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Region: GB
Thursday 30 January 2025 22:17:03 GMT
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x.ytommy
Tommy :
Pay tax on new clothes with your money that’s already been taxed to sell it on, used and you get taxed on your already taxed money again?! MAKE IT MAKE SENSE!!! The uk is falling apart!
2025-01-31 00:11:29
8545
marian00213
Chloe food :
Enough is enough leave us alone 😡🤡
2025-01-31 05:12:36
7816
jadeldc
jadeldc :
But you’ve already paid tax when you brought the product full price…..so if you sell for £4… why the hell are you getting taxed for that again!
2025-03-19 01:40:31
0
2025tiktok751
Anubis2025 :
What about if you sell your old chlothes what you already paid tax on when you purchased them?
2025-01-30 22:29:53
5748
jayreese.04
JW🌀 :
I get taxed on my wage, I get taxed when I’m buying stuff, I get taxed to have my car on the road, I get taxed to watch television and now I get taxed to sell my second hand clothes. Joke
2025-01-31 10:50:27
2062
richbiariah
RichBitRiah :
How can you earn on things you already owned
2025-01-31 01:33:05
4392
natty_matty
Natty_Matty :
So you work for a wage (which u get taxed on) by items from said wage (which u also pay tax on) then when you decide to sell it for much cheaper than retail, you now have to pay tax. Money grabbing c***s…
2025-01-31 02:24:07
2156
cozzahm
Cozza :
erm is walking still free? how long before they tax us for 10k steps a day? it's actually a joke. Make it impossible to get by then when there's a glimmer of making a little bit extra money they take that!! I'm sick of it!
2025-01-31 01:05:07
1762
i_klaudiusz
IK :
It is unfair but other countries like Germany have it and it’s a much more substantial too.
2025-03-03 13:43:30
0
user01595380
CLaw :
Many people misunderstanding... if you bought a dress to wear for £80 and then later sell it for £50 then you've made a loss, not a profit. There's clearly no tax to pay for most people selling used..
2025-01-31 09:36:09
299
foxtrot0mega
👑👸🏻 Cass 👑👸🏻 :
what about cars? if I sold a 2020 car for say hypothetically 6k on ebay, would I have to pay tax on that?
2025-01-31 02:14:40
83
byconnordukes
Connor Dukes :
You literally have a 12570 tax free limit you’re completely fine
2025-03-03 19:45:23
0
jimmyvulva
Jimmy :
for people selling their old stuff it’s just a partial recoupment of what they paid for the item. how is this taxed like they’re making profit?
2025-01-31 00:41:05
217
smithy3250
David🏴󠁧󠁢󠁥󠁮󠁧󠁿 :
Online retailer eBay paid just £1.1m in tax in the UK 2016, despite telling US investors that Britain was its second largest market, generating revenues of $1.4bn (£1.1bn).
2025-01-30 22:52:15
223
kelx2085_ka
Kel x :
Is it the same for TikTok etc?
2025-01-31 06:43:35
30
6soluckii
6soluckii :
What
2025-01-31 06:28:21
270
hohaupthera
uptheRA :
criminal labour tax everything no one has money it's wild
2025-02-25 06:55:49
0
user1146316235090
Steve :
Why do people find this so confusing, if you are selling your old clothes on Vinted, you will no doubt be selling them at a loss you are fine and no tax will need to be paid, if you are intentionally going out and buying clothes and selling them on Vinted at a profit them yes you need to be careful about the threshold
2025-01-31 04:42:33
38
windyhole28
D J Denton 🏌️‍♂️⛳️ :
Tbf if you’re selling multiple things consistently throughout the year, you ate essentially a small business. I get it’s just a thing on the side but, if you’re making a steady income. 🤷‍♂️
2025-01-31 11:36:44
1
l90anf
L90ANF :
So i work, PAY tax, buy something and pay MORE tax, then dont use it so sell it and PAY MORE tax, then for example use ebay for getting listing fees that also have to PAY tax !!!!!
2025-02-01 12:01:14
4
apriljn
April :
Yes I've sold well over 30 items but all baby items for like £2 here, £3 there. £321 earnings since August so definitely don't need to be paying tax as way under threshold
2025-01-31 06:36:52
30
elvirathedesigner
E L V I R A :
Things like just increase the likelihood of a blackmarket being created were there will be little to no safety or security measures for people trying to make a little extra money imagine having to pay tax on things you’ve already paid for it’s absolutely criminal!!!
2025-01-31 01:05:07
75
shotskj
Kate :
So if I buy something and sell it 3 years later at a loss…how can I be charged tax?! I imagine most people are selling used items for less than they originally paid. Riddle me that, HMRC.
2025-01-31 13:31:53
17
whitefunder
Whitefunder :
What about breaking down cars and selling the parts? if someone was to buy a car for its engine the sell the rest and happen to make money back plus a little on top does that need to be declared?
2025-01-31 23:46:11
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