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What is the trading allowance?

A £1,000 UK tax-free allowance for casual or self-employed income.

In the UK, you can earn up to £1,000 a year from self-employment or casual trading without needing to register or pay tax on it. This is the trading allowance.

Go over £1,000 and you generally need to register for Self Assessment and declare the income. You pay tax on the profit, not the total. Always check GOV.UK for your situation.

Do you pay tax on Vinted sales?