Thrifting News: HMRC Teams Up with Vinted and Other Highlights of the Month

Well, with a warm welcome to 2024! Let's catch up on the latest thrifting headlines!

HMRC Befriends Vinted to Tackle Tax Evasion

Effective 1st January 2024, online seller platforms including Vinted, Etsy, and Ebay will automatically share user sale data with HMRC.

If you sell more than 30 items a year or have total earnings exceeding £1,700, your sales data will be shared.

You will need to make sure you declare these earnings to HMRC if you use these platforms to trade e.g. buy items to resell or make items to sell.

Pre-loved Boutique Opens in Lisbon Duty Free

Following the success of their first store in Montréal Trudeau International Airport in 2021, ARI opens its second pre-loved designer store in Lisbon Airport's Terminal 1.

“We have seen a shift towards a more conscious consumer who aims to shop more sustainably and give more consideration to every purchase.

We know that our customers seek out limited editions and unique products, and this offering will deliver that one-off experience, coupled with luxury at a more affordable price point.”

- Portugal Duty Free Chief Executive Officer, Alain Brun

New CBBC Series Promotes Sustainable Fashion

Hosted by Emma Willis, 'Style it Out' is a sustainable fashion-focused series that features nine children competing to showcase their creations at London Fashion Week.

Contestants are challenged to create outfits from pre-loved, reworked, and recycled clothing and materials.

Starting this Wednesday, it is available on BBC iPlayer.

Follow us on Instagram for more pre-loved fashion content and let us know your thoughts on this month's thrifting headlines!