It’s a popular cryptocurrency as well as another blockchain software. Enabling programmers to build decentralised apps, with their own functionality. The coins are made through a process called mining, done by specialised computers.
Ether can be sold for profit in the UK, it’s a taxable asset. If it’s done by your computer, it’s considered self-employment income. Income tax will need to be paid as well as Class 2 and Class 4 National Insurance. However, expenses can be claimed back, note - you will also have to pay capital gains tax.
If you make a loss, it can be claimed against other income or capital gains, either in this tax year or next.
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Here’s how Earnr helps Etsy sellers organise their income and pay themselves a regular salary
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As part of our interest in supporting Etsy sellers, we’ve been doing some digging into the current state of the Etsy world as lockdown becomes more and more a thing of the past.
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