2 articles tagged with Hobby Income.
How HMRC's common-law 'badges of trade' test decides whether an activity is a taxable trade or a tax-free hobby, how it interacts with the £1,000 trading allowance, and two contrasting worked scenarios.
How HMRC decides whether your Etsy shop, eBay reselling or content creation is a taxable trade or a tax-free hobby, and how the £1,000 trading allowance works in 2026/27.