Made £1,000k+ from your ‘side hustle?’ Check if you need register for self-assessment

Is your ‘side hustle’ income over £1,000k? Whether it’s selling on Vinted, creating content, tutoring, or renting a spare room, if you’ve made more than £1,000 in additional income this year, you might need to register for Self Assessment.

We’re seeing a rise in people making extra income on the side without realising they may have tax obligations. Checking  if you need to file early helps you understand what you owe and gives you more time to manage your payments.

Here’s what you should know:

• The £1,000 threshold applies to most ‘side hustle’ income
• You may need to register and file a tax return, even if this isn’t your main job
• Crypto income and property letting count too

Deadline: 31st July for paper submissions and 31st January for online filing.

Get in touch for support

Not sure if this applies to you? Get in touch with our tax team who can help: info@verallo.com | 0203 912 9933.