Cookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.
HMRC’s ‘Help for Hustles’ Campaign
Fixed quotes for agreed services ››Newsletter issue – June 2025
This is a recent initiative by HMRC. The campaign is designed to assist individuals who earn extra income outside their main job, ensuring they understand their tax obligations. HMRC set up this initiative as more people have taken on 'side hustles' to help them through the cost-of-living crisis but may not be aware of the tax implications.
If someone earns more than £1,000 annually from their side hustle, HMRC may classify it as 'trading,' meaning they might need to pay tax. This would also mean the individual would need to set themselves up as a sole trader.
The campaign provides straightforward guidance to help people check if they need to report their earnings and avoid unexpected tax bills and late payment penalties. A side hustle is considered by HMRC to be a method of making extra income outside of someone's regular day job. It can mean anything like dog walking, digital content creation or selling handmade goods.
Book a Free ConsultationBooking a free initial consultation is a cost-free way of making an initial enquiry to find out if we can help with your tax issue and is all part of the commitment to you.
Request a CallbackWe know you're busy, so if you want us to call you back just leave your details in the form below and we will call you back at a more convenient time.
