Side Income and Tax — What You Need to Know

Many people earn income outside their main job — from selling on Vinted, freelancing, tutoring or other activities. Understanding your tax obligations is important.

The Trading Allowance

You can earn up to £1,000 per tax year from self-employment or casual trading without paying tax or needing to declare it. Above this, you may need to register for Self Assessment.

Self Assessment

Register at gov.uk/log-in-file-self-assessment-tax-return. The deadline for online returns is 31 January following the end of the tax year. Keep records of all income and expenses.

This is general information, not financial or tax advice. For complex situations, consult HMRC directly or an accountant.

Related Printables

← All Guides