Vinted is not the only online sales platform concerned. Article 242 bis of the General Tax Code, as amended by the law of 23 October 2018, concerns since 2020 “platforms for remote connection of people remotely, by electronic means, for the sale of goods, the provision of a service or the exchange or sharing of goods or services”. Selling on Vinted is a profitable business, just like other markets. To increase your sales, you can apply these tips to make sure you maximize your chances of earning more while you`re away from the comfort of your own home. In short, you need to report your income on sales platforms. However, not all income is taxable. They must exceed a tax threshold. The question that almost all Vinted users ask themselves at some point is: Am I taxable with my sales? There are several situations where you are required to report your sales to the tax authorities and you may be taxable. Ugh.

Absolutely all costs must be described before purchasing. It`s so frustrating. In the US, Vinted is quite cheap right now with the reduced ship cost promotion compared to other platforms. Item cost + 5% + 0.70c fee. Then shipping 99c up to 14 oz, $2.99 up to 2 lbs. If the condition in which it is delivered has sales tax on the type of item, you must also pay sales tax. Well, if only more people watch Vinted here.. For your sales on Vinted to be taxable, your income on the platform must have exceeded the total amount of € 3000 over a period of one year.

If your sales have only brought in a few hundred euros and do not exceed this amount, you are not taxable, because this activity is considered occasional and non-professional. Reviewing your items is another powerful way to increase your sales. Updating your listing can give them another chance to get noticed by potential buyers, which ultimately leads to conversions. Here are some effective ways to review your listing: Revenue generated in a given year must be reported by April of the following year. On Vinted, even if the platform has shared the total amount of your sales with the tax authorities, it does not mean that you will be taxed on that amount. Make it a habit to track the amount of sales you`ve earned on Vinted in a year and the number of sales you`ve made so you don`t come as a surprise when April arrives. It is important to note that these fees are mandatory to protect the integrity of the Vinted payment process. In accordance with Article 242 bis of the General Tax Code, as amended by the Anti-Fraud Law of 23 October 2018 (French Anti-Fraud Law), online sales platforms such as Vinted, Leboncoin or Ebay must provide a summary of all sales of items. These are revenues generated by the occasional sale of items or clothing. In this blog post, let`s share the tips and tricks on how to increase your sales with Vinted.

If you sell Vinted as a professional (business, self-employed), even if you have not reached this amount within the time limit or if you have made less than 20 sales, your income must be reported on the platform and is taxable in all cases. It`s also nice that your Vinted account is verified by linking your Google and/or Facebook accounts. As a verified member of Vinted, you can increase sales and speed up purchases. To do this: If you wish, you can strictly record all your Vinted dressing sales. By regularly monitoring your sales on the platform, you are safe from surprises. And luckily for you, Retailed is here for that! Vinted charges £6.95 for the service and in order to participate, users must offer 5 or more items for sale for the duration of the seven-day period during which Wardrobe Spotlight is activated. Vinted charges $0.95 per item for a three-day bump in the United States. Surely you have heard of Poshmark, Mercari, Depop, eBay, Vinted, Grailed and many other markets where many buyers flock to find the best find they can buy.

As a seller, you need to know how each market works and how to increase your sales in each of them. If you`ve been using Vinted for a while, you may have noticed that the proceeds from your sales for 2020 have been sent directly to the tax office. May I ask you where you are? I have never experienced the extra costs to choose a delivery location if you opt for the Closet Spotlight feature, you will have to pay a fee of $6.95. Note that there may be an applicable sales tax that you can see at checkout. To avoid wasting your 7-day subscription to Closet Spotlight, make sure you don`t violate the rules and terms and conditions of the vinted catalog. If you`re taxable on your Vinted income, that doesn`t necessarily mean you`ll end up paying taxes directly on that amount. There are many other parameters that need to be taken into account. Interested third parties can sign up for Vinted`s self-service platform, where they can create and organize their advertising campaigns. The bumping service takes place once a day or until the item is sold, with users being able to choose between a calendar period of 3 days and 7 days.

Note: If you come across an item that doesn`t comply with the rules of the vinted catalog, Vinted may remove your listing and not refund you the bump fee. If you have earned less than 3,000 euros or made less than 20 transactions, you are therefore not affected by the reporting obligation. Be careful, however: declaration is not always synonymous with taxation. The tax department distinguishes between selling goods that we no longer want to keep and selling goods purchased for the express purpose of reselling them. On the other hand, if you have actually earned more than €3000 in one year on Vinted, you will be taxed on the total income earned during this period.