Do I need to tell HRMC I'm self employed?

🚀 Do You Need to Register as Self-Employed?

With more people in the UK starting side hustles, it's important to know the rules for HMRC.

✅ The Rule is Simple:

• Under £1,000 total gross income – No need to register.

• Over £1,000 total gross income – You must register as self-employed.

• This threshold is for all your side hustles combined, not each individually. 

💡 Example:

• Etsy: £600

• Uber Eats: £500

• Total: £1,100 → You need to register.

• Since January 2024, platforms like Etsy, Vinted, eBay, and Uber automatically report your earnings to HMRC. If you're over £1,000 and not registered, remember HMRC already has your data.

⚠️ Penalties for not registering include:

• Failure to notify fines

• £100 automatic late filing penalty

• Interest on unpaid tax

If you need clear, simple guidance to register and stay compliant, Digital Management Services Ltd is happy to have an informal chat to help you avoid penalties.

💬 Thinking of starting or growing a side hustle? Let's keep you stress-free and HMRC compliant!