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No extra charges: it is now fully FREE to promote garments on eBay

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Now you can promote your pre-owned garments on eBay with none charges. Earning profits out of your wardrobe is now simpler and extra worthwhile!

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eBay has modified its phrases and circumstances, and promoting pre-owned garments is now fully free for personal sellers primarily based within the UK.

This implies you gained’t need to pay a penny in remaining worth charges or regulatory working charges when your clothes gadgets promote.

Ranging from 8 April 2024, if you happen to’ve obtained garments you now not put on, whether or not they now not match, are undesirable presents, or classic finds that deserve a brand new dwelling, you possibly can promote them on eBay with out worrying in regards to the typical charges.

With so many different locations providing to promote on-line without spending a dime, eBay is now catching up with regards to clothes.

That is nice for anybody seeking to declutter and make some additional money with out the trouble of charges consuming into income.

If you have already got gadgets listed on eBay however not but offered, the pricing change will apply to them robotically.

How a lot are you able to save

You at the moment get to listing 1,000 gadgets without spending a dime every month.

Once you promote an merchandise, you’d normally need to pay each a remaining worth price of 12.8% of the overall quantity of the sale, plus 30p, and a 0.42% regulatory working price.

For clothes, that is now free, so that you’ll save round £1.50 on every £10 sale.

Keep in mind, although, that promoting without spending a dime is provided that you’ve not used all of your itemizing allocations.

It additionally doesn’t cowl elective upgrades, enterprise sellers, worldwide gross sales, or utilizing eBay’s Promoted Listings characteristic. So, if you happen to’re planning so as to add some additional visibility to your listings or promote overseas, there’ll nonetheless be some prices concerned.

One factor to pay attention to is that the free listings don’t embrace the coach’s class.

What about “facet hustle tax” and HMRC?

There was a good quantity of scaremongering for the reason that announcement that HMRC needs new reporting for on-line sellers.

However, the reporting doesn’t actually change how a lot cash you possibly can earn from promoting earlier than paying tax (notably in case you are promoting your personal private, pre-loved gadgets, not shopping for and promoting for revenue).

The change is solely about how on-line platforms, like eBay, must share and report data to HMRC.

In the event you promote a few gadgets monthly of undesirable stuff out of your wardrobe, attic, storage, or anyplace else in your house, you gained’t pay tax on this or be impacted in any respect.

Nonetheless, if you happen to promote greater than 30 gadgets a yr or earn over £1,700 from promoting your stuff, your particulars will likely be reported to HMRC.

Even when your particulars are shared, it doesn’t change how it’s best to pay tax to HMRC, and you may keep on as typical.

Naomi Willis
Newest posts by Naomi Willis (see all)

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