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What if Christmas sales push your side-hustle income over the £1k trading allowance?

Dec 17th 2024

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By GoSimpleTax The weeks leading up to Christmas bring a welcome sales boost to many British businesses, including a large proportion of the UK’s 3.1m sole traders. And although business owners will get a lot of extra festive cheer from selling more and increasing their annual sales revenue, it can bring additional tax-reporting responsibilities, which […]

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