US EditionNo more tax returns for side hustlers selling clothes on Vinted or making money from TikTok
- The UK government will raise the self-assessment tax return threshold from £1,000 to £3,000, benefiting up to 300,000 taxpayers.
- Tax Minister James Murray stated that the changes aim to make it easier for individuals to pursue entrepreneurial opportunities and streamline tax processes.
- Around 90,000 people with side hustles will no longer have to report income to HMRC due to this change.
- HMRC will introduce a new online form for self-employed individuals to declare cash earnings up to £3,000, simplifying the tax process.
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Ilkley Gazette+20 Reposted by 20 other sources
HMRC rule change to boost eBay, Vinted and other side hustles
Up to 300,000 people, including those with side hustles, will no longer need to file a Self-Assessment tax return
·Ilkley, United Kingdom
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The Washington InformerReposted by 
Word In Black
Word In BlackSide Hustles Become a Necessity for Millions as Costs Rise
Nearly half of Americans have a side hustle to help cover daily expenses, with 71% earning less than $500 monthly, and most earning lower incomes due to rising inflation. The post Side Hustles Become a Necessity for Millions as Costs Rise appeared first on The Washington Informer.
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Leaning Left3Leaning Right1Center18Last UpdatedBias Distribution82% Center
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