10 Common Tax Mistakes UK Side Hustlers Make (And How to Avoid Them)

10 Common Tax Mistakes UK Side Hustlers Make (And How to Avoid Them)

1. Misunderstanding Allowable ExpensesOne of the most frequent tax pitfalls for UK side hustlers is misunderstanding what counts as an allowable business expense. This lack of clarity often leads to two extremes: some over-claim by including personal or non-permissible costs, drawing unwanted attention from HMRC, while others under-claim and end up paying more tax than…
How to Register and Declare Side Hustle Income with HMRC in the UK

How to Register and Declare Side Hustle Income with HMRC in the UK

Understanding Side Hustle Income in the UKIn the UK, a side hustle refers to any work or business activity you carry out in addition to your main employment or primary source of income. HMRC (Her Majestys Revenue and Customs) classifies side hustle income as money earned outside of traditional employment, whether from freelancing, online selling,…