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HMRC Urges Side Hustlers to Report Earnings by Deadline

12/6/2025

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Summary

Story summary

HM Revenue and Customs (HMRC) reminds individuals with side hustles to report earnings.
Anyone earning over £1,000 from such activities must register for self-assessment and file tax returns by 31 January 2026.
The £1,000 trading allowance covers all combined earnings, and taxpayers may deduct allowable expenses to lower tax.
The rules apply year-round and require keeping accurate records of sales and expenses.

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Story summary

HM Revenue and Customs (HMRC) reminds individuals with side hustles to report earnings.
Anyone earning over £1,000 from such activities must register for self-assessment and file tax returns by 31 January 2026.
The £1,000 trading allowance covers all combined earnings, and taxpayers may deduct allowable expenses to lower tax.
The rules apply year-round and require keeping accurate records of sales and expenses.