{
  "id": 17194484,
  "title": "UK side-hustle tax-free allowance to rise to £3,000 next year",
  "url": "https://urgent.news/2026/10/30/uk-side-hustle-tax-free-allowance-to-rise-to-3-000-next-year",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-30T07:00:47.000Z",
  "source": {
    "name": "Guardian Business",
    "slug": "guardian-business",
    "url": "https://www.theguardian.com/politics/2026/oct/30/uk-side-hustle-tax-free-allowance-rise-3000"
  },
  "original_language": "en",
  "account": "The UK government announced in its budget that the tax-free allowance for side hustles will increase to £3,000 starting in April 2027, from the current £1,000. This change will benefit up to 1.4 million people, potentially saving them hundreds of pounds in tax. Currently, individuals can earn £1,000 a year from a side hustle without paying tax, but exceeding this limit may result in owing tax if their total income, including their main job, surpasses the £12,570 personal allowance. The rise in people with side hustles, including reselling, tutoring, and dog-walking, has led to more Britons earning extra income through platforms like eBay, Vinted, and Etsy. In 2024, 450,000 made money through such platforms, compared to 2.6 million in the previous year. About 400,000 of the 1.4 million people are expected to see a reduction in their tax bill, with an average saving of £380. Additionally, around 100,000 individuals will no longer need to report their trading income to HMRC. Tax experts believe that the increased allowance will not only save tax for those with small side hustles but also reduce the administrative burden, allowing them to focus more on their work for themselves. However, it is crucial for individuals to understand their tax obligations, particularly the difference between selling personal belongings and trading for profit, to avoid unintentionally violating HMRC rules.",
  "summary": "Up to 1.4 million people could benefit from change to trading allowance announced in budget, with some saving hundreds in tax The amount Britons can earn from a side hustle without paying tax will rise to £3,000 next year in a fillip for those who make extra cash from hobbies or reselling. Up to 1.4 million people could benefit from the change announced in the budget , with the chancellor…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}