Do I need insurance to sell candles UK?

It's also important to be aware that you may be required to show proof of public liability insurance before you're allowed to sell your candles at craft fairs, market stalls and so on. As well as liability cover, you might need insurance to protect your premises and candle-making equipment.

Do I need a Licence to sell homemade candles UK?

Legal requirements for candle selling

On the legal side of things, yes, it is legal to sell melts and candles made at home, provided you meet the relevant legal requirements. In the UK, you will need to register your candle-making business with the local authority and comply with health and safety regulations.

What insurance do I need to sell candles?

Public liability insurance is the most common cover type for candle making and wax melt businesses due to the protection it offers against claims made by third parties.

Do I need insurance to sell craft items?

Although Public Liability Insurance typically refers to covering craft fairs and events, it is still necessary to ensure that your business is protected from any other legal matters should a member of the public sue you due to an incident involving your business.

Is it worth starting a candle business UK?

Candle making has a high income potential and your profit margins are likely to be high. You can also expand your business by opening a shop or selling more products online, giving you unlimited income potential.

CANDLE INSURANCE: Do you need insurance for your candle business?

Do I need a Licence to sell homemade candles?

You don't require a license, but it is recommended to get in touch with your local trading standards to see if they have any information for you regarding selling candles and wax melts in your area as this may vary depending on your location.

Is candle making profitable UK?

Candle making has become a hugely profitable business, with the global industry revenue estimated to reach £5 billion by 2026.

Do I need insurance to sell handmade crafts UK?

As touched on above, you do not legally require public and product liability insurance to sell at a craft stall. However, it is a good idea. If, for example, a member of the public trips over your stall and becomes injured, this cover will protect you.

Do you need insurance to sell on Etsy UK?

Do I need business insurance to sell on Etsy? Put plainly, no. You are not legally required to take out any form of insurance before selling your handmade crafts on Etsy. That being said, it is generally a good idea to at least consider purchasing online retailer insurance before selling on this platform.

How much does public liability insurance cost UK?

The average cost for public liability insurance with AXA is £4.94* a month. It's important to note that working out the cost of public liability cover for each policy depends on several factors, such as your occupation, where you're working, how many staff you have and your annual turnover.

Is there VAT on candles?

From 1 January 2022, white and cylindrical candles are liable to VAT at the Standard rate. The term white being a trade term is to be understood as including off-white and cream.

What category do candles fall under?

FDA Regulations

Candles are considered cosmetics and also include their own set of key laws and standards for candle labeling. Labeling standards vary in various states and countries when it comes to language, fire safety, type of candle (scented and citronella candles have special rules, for instance), and more.

What do I need to legally sell wax melts UK?

What legally needs to be on a candle label UK?

What do you need to start a candle business UK?

Can I sell candles that look like food UK?

This means that you will still see references to EU regulations in our guidance. This guidance focuses on products that look like or imitate food but are not food. It is an offence to provide products that look like food and can cause injury or a health risk because of this.

Do I have to tell HMRC about Etsy?

HMRC lets you earn £1,000 a year through websites like Etsy without worrying about income tax. If you had sales of more than £1,000 a year with Etsy, you need to submit a tax return. This doesn't necessarily mean you need to pay tax.

Do you need to register with HMRC to sell on Etsy?

When you are ready to start your Etsy business in the UK, you need to register with HMRC. If you plan to make selling online a large enterprise, you might consider forming a limited company.

Do I need to tell HMRC about my Etsy shop?

Will HMRC know if I sell through Etsy? Online marketplaces like Etsy are covered by the digital platform reporting rules. This means that they're required to collect information about the income that you receive from your Etsy sales, and then report this data to HMRC automatically each year.

Do I need a license to sell crafts UK?

Not all areas of business require a licence. When it comes to crafting, there are very few areas in which a licence is essential. If you are working with and selling alcohol, food or have a business premise that isn't your home, you may need a licence.

Do I need to register my craft business with HMRC?

As a new business owner, you'll also need to deal with HMRC. It's important that you register as self-employed so you can pay your taxes. Then you'll need to keep up with tax deadlines for your business, filing your tax return and paying your bill on time (including corporation tax if you establish a limited company).

Can I sell products without registering as a company UK?

Every new business in the United Kingdom is subject to mandatory registration with HMRC. In fact, registering a business means informing the tax office that your business exists and paying all the necessary taxes provided by UK law.

How much does it cost to make a candle UK?

On average, considering all the components—wick, fragrance oils, vessel, wax, equipment and packaging—the cost to make a single candle (let's consider an 8 oz size) can range between £2.55 to £5.50.

Are candles in high demand?

The global scented candle market is estimated to reach US$ 3.76 billion in 2023. From 2023 to 2033, the demand for aromatic candles will rise at a healthy CAGR of 4.10%, taking the total market value to US$ 5.64 billion by 2033.

Is a small candle business profitable?

You can start a candle business from home, you don't need expensive equipment, you can learn the process online, and sell your creations on multiple platforms. As the average profit margins are 200 to 300%, starting a candle business could be the best decision you'll ever make!