25/08/2026
Whether you earn extra income from freelancing, online selling, content creation or other side work, HMRC is reminding taxpayers to check whether they need to declare it.
The key threshold is the Β£1,000 trading allowance. If your trading income exceeds this in a tax year, you may need to register for Self Assessment and report your earnings.
With HMRC receiving more information from online marketplaces and digital platforms than ever before, it's important to understand your tax obligations and keep accurate records from the start.
Not sure if your side hustle needs to be declared? We're here to help.
π Read the full article on our website:
https://www.viewpointaccountants.co.uk/newsletters/august-2026-tax-newsletter
For personalised advice, email [email protected] or call 01245 258 689 or 01621 734 890 to speak with one of our team.