If you\u2019re a student, you have to pay tax on your income whether it\u2019s through employment or self-employment.<\/p>\n
The good news is that everyone has a Personal Allowance, which for the tax year 2021\/22 is \u00a312,570. This means that you pay zero tax on the first \u00a312,570 you earn, although you do still need to submit a self-assessment tax return if you\u2019re self-employed (if you\u2019re employed, your employer will sort this for you).<\/p>\n
If you don\u2019t have a job but make money selling a few items online, such as through Etsy or eBay, you have a trading allowance of \u00a31,000 per tax year. In other words, if you occasionally sell things like clothes or gifts you make yourself and they come to under \u00a31,000 a year, you don\u2019t have to do anything. If you exceed the limit, you need to register as self-employed and file a tax return.<\/p>\n
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