UK side-hustle tax-free allowance to rise to £3,000 next year

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.

Also read‘Elite North Korean hackers’ blamed for $6.3bn Binance heist – business live

Up to 1.4 million people could benefit from the change announced in the budget , with the chancellor confirming the tax-free “trading” allowance will increase from £1,000 to £3,000 in April 2027. Continue reading...