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Selling crafts online as a hobby

  • 16-06-2022 8:36pm
    #1
    flowerbomb10
    Registered Users, Registered Users 2 Posts: 2 ✭


    Hello,

    I plan to sell some spare crafts I made online and would like to know if I need to register for tax purposes.

    I have a regular full-time job as an employee, and from my crafts, I don't anticipate earning more than 50-100 euros altogether.


    (Revenue.ie says that you will need to register as a 'sole trader' if your 'net income is above 5000e'. Does this 'net income' refer to the crafts' income or to me as an individual, counting in my full-time job's salary?)


    Thanks a lot!



Comments

  • #2
    Mrs OBumble
    Registered Users, Registered Users 2 Posts: 26,290 ✭✭✭✭Mrs OBumble


    It refers to the profits from your craft sales only.

    Profit = Revenue (ie what you get from the sales) minus Cost (ie raw materials and some other costs, eg advertising or transaction fees)



  • #3
    flowerbomb10
    Registered Users, Registered Users 2 Posts: 2 ✭flowerbomb10


    thank you so much!



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