To sell crafts, you primarily need Public Liability Insurance to cover third-party injuries or property damage, and Product Liability Insurance to cover claims that your products caused harm. These are often combined into a single policy, commonly required for craft fairs, market stalls, and online sales.
Do I need public liability insurance to sell crafts?
Public liability insurance is not a legal requirement, however, some craft fair organisers will want to see evidence of the craft sellers' insurance. This is because during the craft fair, you will be interacting heavily with the public.
FACT SHEET - STREET TRADING ART AND CRAFT EXHIBITIONS DO I NEED A LICENCE? With few exceptions, any form of selling of goods or the provision of services which takes place either in the street, or on the public footway, or up to 7 metres from any street, requires a licence.
What insurance do I need for a craft stall in the UK?
Public and product liability insurance. Public and product liability insurance covers your craft business against claims of accidental injury or property damage caused by your business.
Our Small Craft Insurance will cover most types of small sailing boats, small motorboats, speedboats and most types of sailing dinghies when used on inland and coastal waters of Europe, up to 12 nautical miles offshore. We are not able to cover Jet Skis, Personal Water Craft (PWCs) or Jet Bikes.
What insurance do I need for a craft fair or farmers market?
Do I need to register my craft business with HMRC?
Yes, you do need to register your craft business with HMRC for tax purposes. Even if you earn less than the minimum income of £1,000, you'll have to be registered.
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.
The notional Ofqual 'Total Qualification Time' for this qualification is 160 hours. This represents the time a student might typically take to complete the qualification.
If you craft items to sell or buy goods just to resell, you're likely trading. You can earn up to £1,000 without paying tax, but earn above this and you'll usually need to tell HMRC by doing a self-assessment tax return.
This is a very popular misconception - the reality is that any online or offline selling activity in which the main motive is to make a profit is deemed by the IRS to be a business - this applies no matter how much you are making in revenue.
Do I need to register as a business to sell at craft fairs?
No fair will allow you to participate without it. Hello, to start selling online or craft fairs you need: Register first as self employed and get a UTR number, keep this save because is what you always will need to do your tax return.
What happens if you have no public liability insurance?
In the event of an accident, a company will not only be prosecuted for having no public liability insurance, it will remain liable to the injured party and have to pay all the compensation, its own legal costs and the claimant's costs out of its own funds however in many cases this would result in the company ceasing ...
What is the best way to take payments at a craft fair?
Quick Answer: To accept credit card payments at craft shows, sign up with a mobile payment processor like Square, download its app to your phone or tablet, connect a card reader, and enable chip, swipe, or tap payments.
Yes, you generally need to tell HMRC if you sell on Etsy, as new rules mean platforms report seller data to HMRC, but you only pay tax on profits above the £1,000 trading allowance or if you exceed reporting thresholds (30 sales/€2,000), requiring you to declare income via Self Assessment. You must track your sales and income, report earnings above the allowance, and register as self-employed if your profits cross thresholds, even if Etsy reports your data.
How much can I earn from my hobby before paying taxes?
What is the tax free trading allowance? HMRC introduced it as a tax free allowance to cover “self-starters” with small, hobby-based businesses. It means that you can earn a total of £1,000 from self-employment in a tax year, before you even need to report it to HMRC or pay tax on the income.
The most popular crafts right now include the booming revival of crochet (especially granny squares), trending fiber arts like punch needle/rug tufting, personalized techniques such as wood burning, and digital/resin crafts like creating 3D printed items, epoxy resin art, and laser-engraved goods, alongside popular paper crafts like handmade stationery and invitations. These crafts appeal due to their potential for personalization, profitability, and alignment with vintage/nostalgic aesthetics.
Do I need a business licence to sell crafts? 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.
