Articles and information in relation to UK Payroll for business, employers and employees.
At the tax update in spring 2025, the government announced that the Income Tax Self Assessment reporting threshold for trading income would be increased to £3,000 by the end of this Parliament. Announced at Budget 2026 on 28th October 2026, the current £1,000 tax-free Trading Allowance is increasing to £3,000 to be implemented from 6th … Continue reading Budget 2026 – Side Hustle tax free allowance increased to £3,000
Side hustlers selling festive items need to tell HM Revenue and Customs (HMRC) online if earnings exceed £1,000 a year. HMRC’s Help for Hustles campaign supports people earning extra income during festive season to understand tax obligations. Online checker tool can clarify if and when side hustlers need to report their additional income. People making … Continue reading Christmas crafters – check the tax rules
Side hustlers urged to get tax returns sorted now If you earn more than £1,000 from additional income, you may need to register for Self Assessment Filing now means you will know your tax situation sooner and can spread payments over time HMRC's digital services make filing quick and easy Anyone earning extra income through … Continue reading Side hustlers urged to get tax returns sorted now