1 year old Etsy account with 100k+ in sales....Etsy asking for info...

[randomebayer]

Etsy is asking to confirm seller info. They are asking for a UTR number (This is for a UK etsy account) of the person I registered the account under.

For context the Etsy account is on my brother in laws name but the bank account is my company bank account and all the income will be declared when it comes to submitting my company accounts.

However, it seems Etsy wants the UTR number of my brother in law. If i provide them with that will he become liable for the tax instead of my company?

Does anyone have information on this or a way around it?

[Automasters]

Seems like quite a bit of sales on such a new account

[randomebayer]

Originally Posted by Automasters

Seems like quite a bit of sales on such a new account

I mean £100k+ not 100k orders.

[Jackies]

do you know why they asked now?

[randomebayer]

Originally Posted by Jackies

do you know why they asked now?

Perhaps due to the stricter HMRC regulations as of 2024.

Etsy does provide information about it here:

https://help.etsy.com/hc/en-gb/artic...egment=selling

[e2free]

They need utr to verify same as Amazon ask provide them

[Jackies]

Originally Posted by randomebayer

Perhaps due to the stricter HMRC regulations as of 2024.

Etsy does provide information about it here:

https://help.etsy.com/hc/en-gb/artic...egment=selling

Sure, have they sent you reminders before?

[SaiJin]

Originally Posted by randomebayer

I mean £100k+ not 100k orders.

so account is 1 year old and has done 100k in a year?

[rswomA]

In Us they are verifying the name of that SSN owner, Idk for UTR how it goes

[randomebayer]

Originally Posted by Jackies

Sure, have they sent you reminders before?

Yes, it seems they sent an email about it and made an announcement about this requirement for Feb 2024. I missed both of those. I only realised when they put it on my shop dashboard with a countdown of 7 days.

I have applied for a UTR number now but it can take 10 working days. In the meantime my shop will have to go into holiday mode.

[randomebayer]

Originally Posted by SaiJin

so account is 1 year old and has done 100k in a year?

£100k in 1 year, yes.
2024 is on track to be at least double. (Provided i get past this hurdle)

[rsot]

Originally Posted by randomebayer

£100k in 1 year, yes.
2024 is on track to be at least double. (Provided i get past this hurdle)

Best of luck - first get past this issue

[agent006140]

ETSY ACCOUNT NAME in brother in law name,UTR in your name and bank account in your company name?

[randomebayer]

Originally Posted by agent006140

ETSY ACCOUNT NAME in brother in law name,UTR in your name and bank account in your company name?

1. Etsy account has been changed to new company name. (Still has BIL as legal business owner)

2. UTR will be in new company name. Waiting for this to arrive.

3. Bank account is my company name, yes, but Etsy cannot see the name of the company the bank account belongs too. Or if they can it has not been an issue for the past year so hopefully it will not be going forward.