UK Tax Authority Urges Side-Hustlers to File Tax Returns Early

The UK tax authority is urging people earning money through so-called “side hustles” to file their tax returns early.

Those earning more than £1,000 ($1,361) additional income from trade activities like online selling, dog walking and property rental need to register to file a self-assessment tax return for 2024-25, His Majesty’s Customs and Revenue said in a press release Wednesday.

• The tax authority is encouraging people with extra income, including gains or income received from crypto assets, to file tax returns and “get ahead of the January deadline rush.”
• Filing early can help plan for tax payments ahead ...