Neus · Neutral News Analysis
UK Government Trebles Side-Hustle Tax-Free Allowance to £3,000
The UK government has announced that the tax-free trading allowance for side-hustles will increase from £1,000 to £3,000 starting in April 2027. This change is expected to benefit up to 1.4 million people who earn extra income through hobbies, reselling platforms like Vinted and eBay, and other small-scale ventures.
Referenced News Coverage (3 sources)
- Tax-free income allowance to rise by £2,000: Here’s what it means for Vinted sellers and side-hustles (The Independent UK)
- Side hustle boost: Vinted and eBay sellers see tax-free trading allowance trebled to £3,000 (Daily Mail)
- UK side-hustle tax-free allowance to rise to £3,000 next year (The Guardian)