Money paid to the government so that they can provide public goods/services.
Tax on income from employment is paid via PAYE, all organised by your employer.
Tax on earnings out of employment needs to be calculated and paid by you through a self assessment.
For small amounts of different types of income, you might be able to contact HMRC to adjust your tax code and account for your other earnings.
A tax called VAT is paid when a final consumer buys a good or service.
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Read moreHere’s how Earnr helps Etsy sellers organise their income and pay themselves a regular salary
Read moreAs 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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