17/07/2026
🎨 Turning your hobby into extra income?
Selling handmade products, photography, baking, repairing cars or reselling items doesn't automatically mean you're running a business.
However, if your hobby becomes more regular and profit-focused, HMRC may consider it a taxable business.
The good news? You may be able to use the £1,000 Trading Allowance, depending on your circumstances.
Not sure where you stand? Get in touch with Ion Partners Accountant for friendly advice.