What has changed
Online selling and gig platforms now report seller data to HMRC automatically. If you earn from a side hustle, your income may already be visible to HMRC.
Who it affects
Anyone selling online or earning from a side hustle, from marketplace sellers to gig workers.
What you should do
If you trade, declare it, and claim the trading allowance where it applies. Keep simple records of what you sold and the costs involved.
Our view
The data is already flowing to HMRC, so being unsure is no longer a safe place to be. The good news is that for many, the trading allowance keeps small amounts simple.
Common questions
Who does this affect?
Anyone selling online or earning from a side hustle, from marketplace sellers to gig workers.
What should I do about it?
If you trade, declare it, and claim the trading allowance where it applies. Keep simple records of what you sold and the costs involved.
Can TaxTune help me with this?
Yes. Tell us your situation through the quote builder or book a free call, and we will explain exactly what it means for you and handle it if you would like.
Related services and guides
Self Assessment service Allowable expenses guide Self employed NI