Not directly. HMRC doesn't actively monitor individual Vinted accounts. However, they do have ways to track income.
Data Sharing: Vinted and similar platforms are now required to share information about sellers who meet certain thresholds (e.g., exceeding 30 sales or £2,000 in earnings within a year).
Tax Obligations: If you have significant earnings through Vinted or other online selling, you might have tax obligations. It's essential to understand these, as HMRC can investigate if they suspect unreported income.
When in Doubt, Consult an Accountant: Accountants Chester can provide personalised advice about your specific situation and ensure you're meeting your tax responsibilities.
Online Selling Accountants Chester