Easily calculate how much Income Tax and National Insurance you owe on your earnings as an Etsy seller.
This calculator is for Etsy sellers. Whether you are a full-time Etsy seller, or you run a store on the side, this calculator will help you crunch the numbers and estimate how much tax you owe.
There are two types of tax you might need to pay on the money you make as an Etsy seller. These are:
If you make more than £1,000 selling goods on Etsy, you’ll likely income pay tax on it. This depends on the tax band you’re currently paying into.
If your total income is above the tax-free allowance, you’ll need to pay a percentage of your profits to the UK government.
The income tax bands for 2022 to 2023 are:
You will also pay National Insurance Contributions (NICs) if you earn over a certain amount on Etsy. Depending on your profit, you might need to pay Class 2 and Class 4 National Insurance.
For Class 2, your tax is based on the number of weeks you’ve worked on your Etsy business.
Class 4 is calculated in the same way as income tax. You pay the following on your profits:
Do keep in mind that the below numbers are based on the 2022/2023 tax year.
If you earn more than £1,000 selling goods on Etsy, you’ll need to submit a tax return. This doesn’t necessarily mean you also need to pay tax. You can use the calculator to figure this out.
That’s awesome! You can submit your tax return with Earnr in minutes. All you need to do is download the app here and follow the steps there. If you need any additional help, please feel free to contact one of our friendly team members, either from within the app or via email [email protected]
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