I’ve made over £400 so far this year on Vinted – my top tip will save you loads on packaging
A WOMAN who has made over £400 from selling her old clothes on Vinted this year, has revealed a top tip, that will save you lots of money on packaging.
Vinted is an online marketplace where people can buy and sell second-hand clothes, shoes and accessories.
It’s completely free to upload clothes to the app and Vinted does not take a cut of sellers’ profits.
Whilst selling on Vinted is a great way of making cash, some people end up spending a fortune on packaging to put their products in, which can mean that selling is hardly worth it.
Others have decided to get incredibly creative and to save money have packaged their parcels in anything from used egg boxes to ice cream boxes.
However, one Vinted wizz has revealed a handy solution, which means you can package your items neatly, without risking upsetting the buyer.
The woman, known only as Vintedseller11 on social media, shared that you can order packaging for free on the UPS website.
She said that all you need to do is Google “UPS free packaging’ and set up a free account on the website.
The UPS website state that it provides shipping labels, stickers, boxes, packaging and pouches all for free.
The bags should arrive within a few days, and you can choose a wide range of shapes and sizes.
The sellers’ tip has likely left many impressed, as it has racked up over 153,000 views on the video sharing platform.
TikTok users raced to the video’s comments section to share their thoughts.
One person said: “Me seeing this after I just bought packaging on amazon!”
A second person said: “I got these exact ones today!”
A third said: ” just reuse packaging from things I order”.
A fourth added: “I just paid £40 for packaging on Amazon!”.
The rise of vinted
Online marketplaces like Vinted and Depop have millions of users across the UK, with the cost-of-living crisis only increasing their popularity.
Financial pressures in British homes saw sales of second-hand goods jump by 15 per cent to £21 billion in 2022.
One in six people now say they buy used items, according to research commissioned by review site Trustpilot.
So, now’s the perfect time to make yourself some extra cash on the likes of Vinted.
According to the popular platform, sellers do not have to pay tax on earnings they make from the site.
This, HMRC stated, is because selling personal items through platforms like Vinted is not itself taxable.
”If the money a member makes on Vinted over a year is less than the amount they paid for the items they are selling, then there is no tax to pay,” a Vinted spokesperson explained.
”Generally, only business sellers “trading” for profit might need to pay tax.
”A tax-free allowance of £1,000 has been in place since 2017 for people who trade for profit.”
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New Vinted rules to be aware of
IF you fancy clearing out your wardrobe and getting rid of your old stuff on Vinted, you’ll need to consider the new rules that recently came into play.
If people are selling personal items for less than they paid new (which is generally the case for second-hand sales), there is no impact on tax.
However, since January 1, digital platforms, including eBay, Airbnb, Etsy, Amazon and Vinted, must share seller information with HMRC as part of a crackdown.
You’re unlikely to be affected if you only sell a handful of second-hand items online each year – generally, only business sellers trading for profit might need to pay tax.
A tax-free allowance of £1,000 has been in place since 2017 for business sellers trading for profit – the only time that an individual personal item might be taxable is if it sells for more than £6,000 and there is a profit from the sale.
However, firms now have to pass on your data to HMRC if you sell 30 or more items a year or earn over £1,700.
It is part of a wider tax crackdown to help ensure that those who boost their income via side hustles pay up what they owe.
While your data won’t be shared with HMRC if you earn between £1,000 and £1,700, you’ll still need to pay tax as normal.