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Published on 9 February 2024

Side hustle tax mythbuster

The noise about ‘side hustle tax’ is showing no signs of dying down and we are still seeing incorrect information circulating online about the tax position of people selling items via online platforms. We previously published a flowchart trying to provide clarity on the rules. In this, our thir...

wooden figure of a person stood besides a stack of coins with a typed sign that reads 'state pension'
Published on 1 February 2024

Tax on state pensions: looking back and ahead

State pensions are increasing in April 2024, but the point at which most people start to pay tax is staying the same. Here we look ahead some of the problems this might cause. We also give our ideas on how the government could make things easier for state pensioners – some of which we originally sug...

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Published on 17 January 2024

Time running out before 31 January self assessment deadline

The deadline for sending most online 2022/23 self assessment tax returns to HMRC, and for paying the related tax, is 31 January 2024. If this deadline applies to you, make sure you file your 2022/23 tax return online and pay any tax you owe by 31 January 2024 to avoid penalties and interest....

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Published on 12 January 2024

More ‘side hustle’ tax help

Despite ongoing efforts by tax professionals up and down the land, we are still seeing a large amount of confusion about the ‘new’ side hustle tax reporting rules for online platforms. There is no new tax on side hustles. Here, we reiterate the main things you need to know, provide a new flowchart t...

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Published on 4 January 2024

There is no new ‘side hustle tax’, say tax experts

The Low Incomes Tax Reform Group has reassured those selling goods and services online that they won’t be subject to a new “side hustle tax”, despite information online in the past few days suggesting otherwise....

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