HMRC is reminding individuals earning income from side hustles to register for Self Assessment if their earnings exceed £1,000 annually. A free online tool on GOV.UK helps determine tax obligations, with guidance covering activities like wedding photography, content creation, and selling handmade goods. Those earning over £1,000 must complete a Self Assessment tax return by 31 January 2027, with new entrants required to register by 5 October 2026. The £1,000 threshold applies to combined income from all side hustles. HMRC’s ‘Help for Hustles’ campaign provides resources to simplify the process, emphasizing that regular income from trading activities must be declared. Case study Lianna Dickson, a wedding content creator, used the tool to register her business after surpassing the threshold. HMRC warns that failure to declare income may result in penalties, urging individuals to consult the GOV.UK guide for clarity.
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Summary adapted from content licensed under the Open Government Licence v3.0.
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Original source: https://www.gov.uk/
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