Skip to content
fenquist

Trading allowance

£1,000 of trading income a year you can earn tax-free.

If your gross trading income is under £1,000 you don't need to report it. Above that, you can deduct the £1,000 allowance instead of your actual costs if it's better.

Fenquist for side hustles

General information about UK rules as of October 2026, not tax or legal advice.

Send your first invoice tonight.

Free to start. Set up in minutes.