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Tax & Company

Side Hustle Tax Checker

Selling online, renting a room, freelancing or walking dogs? Find out what you owe – and what to do next

£20

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Side Hustle Tax Checker

Overview

Millions of people earn a little extra on top of their job – reselling car boot finds on eBay, clearing out the wardrobe on Vinted, letting a spare room on Airbnb, freelancing, tutoring, dog walking or making money from content. Some of it is tax-free, some of it isn't, and the rules (the £1,000 allowances, Rent a Room relief, the 'badges of trade', platform reporting, Making Tax Digital) are confusing. This workbook sorts each stream into the right tax treatment, picks the better allowance or relief for you, estimates the extra tax, NI and student loan on top of your job, and gives you a clear list of what to do and by when.

Price
£20
Who it’s for
Tax & Company
Works with
Microsoft Excel for Windows and Mac
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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

Income Streams

Each income stream, its takings and expenses from the log, a full-year estimate and its tax treatment. What you do: set up each stream once.

Income Streams
Badges of Trade

Step 2

Badges of Trade

HMRC's tests for trading, answered for each selling stream. What you do: answer Yes/No for selling streams.

Step 3

Income & Expense Log

Every sale, payout and cost. What you do: add lines as you go – weekly is ideal.

Income & Expense Log
Possessions Sold

Step 4

Possessions Sold

Capital gains check on personal things sold. What you do: list valuable items you've sold.

Who it is for

Made for people like you

  • Example – text
  • Online sellers and resellers – A badges of trade test to tell trading from selling your own things, platform reporting checks and a VAT threshold watch.
  • Spare-room hosts – Rent a Room relief (£7,500) compared with normal expenses – the better method picked for you.
  • Freelancers, tutors, dog walkers, creators – The £1,000 trading allowance compared with your real expenses, plus Class 4 NI and student loan.
  • Anyone selling valuables – A capital gains check for possessions, using the £6,000 chattels rule and the £3,000 annual exempt amount.

Quick start

Up and running in minutes

  1. Example – text
  1. Your Details – Enter your name, the tax year, your salary from your job, your student loan plan and the yes/no questions. If you've already filed a tax return, enter last year's side income.
  2. Income Streams – Give each way you earn extra money a short name, choose the type of income, the platform, whether it's sold through an app, and whether it carries on all year.
  3. Badges of Trade – For any stream that sells goods, answer the nine Yes/No questions. This decides whether it's trading or selling your own possessions.
  4. Income & Expense Log – Record every sale or payout (money in) and every cost (money out), picking the stream from the list. Paste from bank or platform statements if you like.
  5. Possessions Sold – List anything valuable you've sold – jewellery, art, collections, a car – to check for capital gains tax.
  6. Read the Dashboard and Checks & Next Steps – See your extra tax, how much to put aside each month, and every action with its deadline. Tick tasks off as you go.

Key features

  • Up to 12 income streams – reselling, Vinted clear-outs, Etsy, Airbnb rooms, freelancing, content creation, tutoring, dog walking and more – with a 1,000-line income and expense log.
  • HMRC's badges of trade test to tell trading from selling your own possessions, plus the £6,000 chattels rule for capital gains on things you sell.
  • Automatically picks the better of the £1,000 trading and property allowances or actual expenses, and applies Rent a Room relief (£7,500).
  • Extra income tax, Class 4 NI and student loan on top of your job, a monthly set-aside, and 13 checks: Self Assessment registration, platform reporting, VAT, MTD and more.

What’s included

  • Dashboard – Your answer and checks at a glance
  • Your Details – You, your job and the tax year
  • Income Streams – Each way you earn extra money
  • Badges of Trade – Trading or personal possessions?
  • Income & Expense Log – Every sale and cost
  • Possessions Sold – Capital gains check
  • Allowances & Reliefs – Trading, property and Rent a Room
  • Tax Estimate – Extra tax, NI and student loan
  • Checks & Next Steps – Rules, deadlines and to-do list
  • Tax Rates – Rates, allowances and thresholds
  • Guide – How to use this workbook

How buying works

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