HMRC confirms tax-free allowance threshold will be increased by £2,000

HMRC confirms tax-free allowance threshold will be increased by £2,000

The amount people can earn from a side hustle without paying tax will rise to £3,000 next yearHMRC has confirmed a trading allowance update from April 2027. The amount people 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.

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Reported by birminghammail.co.uk.

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