HMRC issues two-week warning to anyone who sells on Vinted or eBay – check if you need to act NOW
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WITH just two weeks until the Self-Assessment deadline, HM Revenue and Customs (HMRC) is urging millions of taxpayers to file their tax return. Alongside completing the paperwork, Brits must also pay any tax due by 31 January, or pay a fine. This can include people who sell things online through platforms such as eBay and Vinted.
![[Vinted app logo on an iPhone screen.]](https://www.thesun.co.uk/wp-content/uploads/2025/01/2CGCE9Xjpg-JS870631461_15e81d.jpg?strip=all&w=960)
For instance, you might need to register for self-assessment and pay tax if you make made more than £1,000 before deducting expenses through:. The taxman says that more than 7.4 million people have already filed for the 2023 to 2024 tax year, but there are still millions of people who haven’t yet completed their returns.
![[Opened HMRC tax letter.]](https://www.thesun.co.uk/wp-content/uploads/2025/01/huntingdonmarch2022220220414hmrevenuetaxreturnreminder-04055-JS939826536.jpg?strip=all&w=960)
On Jan 5, HMRC said that over 5.4 million people still needed to submit. Anyone who misses the deadline faces a £100 late filing penalty, even if they don’t owe any tax at all. For people who do have a bill to pay, fines will escalate if the money isn’t transferred on time.
The penalties for late tax returns are:. If you miss the January 31 deadline to pay the bill, you face additional fines of 5% of the tax unpaid at 30 days, 6 months and 12 months. Interest will also be charged on the amount owed. HMRC is urging people who think that they might need to complete an online return to act now and make use of the wide range of support available.
Myrtle Lloyd, HMRC’s director general for customer services at HMRC, said: “The self-assessment deadline is fast approaching, don’t leave completing your tax return to the last minute.”. One significant area of concern is online sellers, who may not realise they need to file a return or pay tax.
