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Will my side hustle affect my tax bill? Warning for Etsy, Vinted and Depop users

HM Revenue & Customs’ new tax rule from 1 January 2024 might mean you accidentally fall into a tax evasion trap if you’re selling on platforms like Etsy, Vinted and Depop - here’s how to protect your side hustle and find out whether you need to file an HMRC self-assessment tax form

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The Tory tax return trap that could land you a £100 fine

Thousands of workers, savers, parents and pensioners will be forced to file a tax return for the first time this year. Frozen thresholds combined with rising incomes means more are being dragged into higher tax rates, necessitating the annual administrative chore.

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HMRC s new taxation rules for freelancers will mean significant adjustments

HMRC s new taxation rules for freelancers will mean significant adjustments
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HMRC has caused a major headache for 500,000 freelancers – here s how not to be caught out

As the Telegraph recently highlighted, a major change is coming for over half a million sole traders and partnerships. The new rules will apply for the 2024-25 tax year with 2023-24 designated as a transitional period.

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How freelancers can avoid HMRC s latest headache

New rules mean sole traders and partnerships will see changes to how they are taxed

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