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Side Hustle Quick Check – Free Edition

Do you need to tell HMRC about your extra income – and what will it cost?

Free

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Side Hustle Quick Check – Free Edition

Overview

More and more people earn a little extra on the side – selling on Etsy or eBay, freelancing, tutoring, dog walking or renting out a driveway. The rules are simple once you know them, but easy to get wrong: if your takings from trading, or from property, are more than £1,000 in a tax year you normally need to tell HMRC, and the extra profit is taxed on top of your job. This free quick check answers the big questions on one sheet.

Price
Free
Who it’s for
Lite & Free
Works with
Microsoft Excel for Windows and Mac
Buy now

See how it works

A walk through the main sheets

The sheets you will use most, in the order you will use them – shown with the sample data every workbook comes with.

Step 1

Step 2

Step 3

Step 4

Who it is for

Made for people like you

  • Example – text

Quick start

Up and running in minutes

  1. Example – text
  1. About you – On the Quick Check sheet, choose the tax year, enter your salary from any job, your student loan plan, whether you're a Scottish taxpayer and whether you're already registered for Self Assessment.
  2. Your side income – For each of up to 3 side incomes, give it a name, choose the type, and enter your takings and expenses for the WHOLE tax year.
  3. Platform details – Say whether it's sold through an online platform or app, and for goods, roughly how many sales you make in the year.
  4. Read your answer – The four tiles tell you whether you need to tell HMRC, the extra tax, how much to set aside each month and how many streams platforms report.
  5. Check the detail and next steps – Below the answer: the allowance comparison, the tax workings line by line and a short to-do list.

Key features

  • Your job plus up to 3 side incomes – selling goods, services such as freelancing or dog walking, or renting out a driveway, garage or storage.
  • Do you need to register for Self Assessment – and the 5 October deadline – and the better of the £1,000 allowance or your actual expenses.
  • Extra income tax, Class 4 NI and student loan, a monthly set-aside, and whether online platforms report you to HMRC.

What’s included

  • Quick Check – Your inputs, answer, workings and next steps
  • Tax Rates – Rates, allowances and side-income rules
  • Guide – How to use this check

How buying works

Your file is only released once payment has cleared.

1

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2

Pay securely

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3

Download your file

Your download link arrives as soon as payment clears.

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