UK tax agency warns side-hustle earners over £1,000 annually to file taxes or face penalties.

The UK's tax agency, HMRC, warns individuals earning over £1,000 annually from side hustles, such as online sales, babysitting, or renting on Airbnb, to file a tax return. Earnings from selling a single item for over £6,000 may also face Capital Gains Tax. Online platforms like eBay and Airbnb will share earnings data with HMRC to ensure compliance. Individuals must report these incomes to avoid penalties.

4 months ago
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