ElyseBH | DIY Accounts Club
Region: GB
Tuesday 09 June 2026 20:30:09 GMT
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Derby4300 :
So you sell your old clothes that you’ve already paid tax on (VAT) and you pay tax on it … you are losing money it’s not an income!
2026-06-10 05:41:02
59
….. :
Yeah 30 items at £2 each is not going to bother hmrc is it 😂
2026-06-10 08:53:53
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PaulSN :
I think it’s simpler to just pay all my wages ro the government and then they can give me an allowance 🙄
2026-06-10 09:24:46
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Fairydust :
But we've already paid tax when we bought these clothes....you don't even get half of what you spent on the clothes back
2026-06-10 07:38:47
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xox.vikaa :
I wonder how government reacts on my 30£ a year 😂😂😂😂
2026-06-10 08:42:00
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live :
so you work, pay tax, buy clothes pay VAT, sell clothes on vinted get Taxed 🤔
2026-06-10 13:52:17
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Mr Wabbit :
Meanwhile Costa and the big chains pay nothing
2026-06-10 07:03:30
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Kath 🐛🪲😂 :
You can sell your own clothes. You paid tax on them when you purchased them, they are yours to sell.
2026-06-10 15:52:45
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KazzyJJ :
You can sell your own clothes that you no longer want or no longer fit. That’s not profit, that’s just selling them on, often at a loss.
2026-06-10 14:15:52
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lottie.munro03 :
It’s so cheeky cause you pay tax on the item when you buy it new? Then again when you wanna sell it
2026-06-10 08:35:25
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GD | vlogs :
People don’t understand that if you’re selling you’re own stuff that you’ve already bought it’s not for profit 😂 it’s only resellers
2026-06-10 08:19:52
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Addie-In-England :
this matters ONLY if you are making a profit. you pay tax on the profit only. this is why it's complicated. you need to keep track of how much you purchased the item for orginally. if you purchased for £10. and sold for £5. you made a loss, you don't pay tax on that. if you purchased for £10. and sold for £20. you're profit is £10. you pay taxes on £10. minus your overhead - shipping, cost of packaging, etc. it's not straightforward. If they want you to pay tax on everything - that's not the way it works! it's essentially retail. You operate like a retail business.
2026-06-10 09:34:01
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Rooroo78 :
30 items in a tax year??? I’m sure most people sell more than 30 items in a year 😳
2026-06-10 06:50:18
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enswizz :
Hmrc do the most
2026-06-10 06:39:41
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Kaniel Outis :
Wait till digital ID and digital currency.. system will be horrible
2026-06-09 23:22:20
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god :
I don’t understand if you’re selling your own product that you pay tax on when you bought it and a couple years later you no longer want it but then you sell it. You could pretend you have to pay tax. Is that what you’re saying?
2026-06-10 09:30:21
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Ignatiuc Gabriel :
It's not a profit tax, it's just another tax invented to support state expenses.
2026-06-10 14:18:54
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Keith :
And if you are selling at a loss, can you get a tax credit 😁
2026-06-10 09:07:34
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XlX :
People still can’t understand ? If you are selling items at a loss you don’t pay tax on it because it’s not profit.
2026-06-10 08:40:27
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CaroB :
If you are buying bundles to resell then you are trading..
2026-06-10 07:07:07
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Arnie Barmpot :
there's a big difference in earnt & what the product sold for....most sell their old clothes for a loss. does that go against my tax returns?
2026-06-10 08:29:41
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MartinSansom :
We're now in this ridiculous situation where you can buy something from a charity shop, get it home and find that it doesn't look good with your home decor, but if you decide to sell it on, HMRC can look at that as earned income. So instead, you have to keep hold of things you don't want for several years, before you can sell it on without paying tax on it.
2026-06-10 13:51:11
1
northsea siren :
my sis says if you sell it for less than what you paid it doesn't matter ?
2026-06-10 06:48:27
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