Even those earning less are strongly encouraged to keep track of all income and expenses (Image: Jelena Lalic via Getty Images)

The number of people turning to Vinted as a professional selling platform is on the rise, with 'Vinted pros' seeing a 50 per cent increase in Google Trends compared to last year. With the growing popularity of 'Thriftmas', where over £2 billion was spent on second-hand gifts last festive season, many are eyeing this as an opportunity to earn some extra Christmas cash, potentially crossing the Self-Assessment threshold.

As per current regulations, anyone earning more than £1,000 from self-employment, freelance work, or side gigs must register with HM Revenue and Customs ( HMRC ) and submit a Self-Assessment tax return. It's also strongly recommended for those

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