My Brother’s Keeper Tuesday 11 March 2025 Nqubeko flatlines while MaMchunu prays for his life. It’s all hands on deck as everyone prays for Nqubeko, …
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Scandal Tuesday 11 March 2025 Nhloso’s curiosity lands him in an awkward and potentially dangerous situation. Lihle calls to inform Nhloso of a visitor at …
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Sibongile and The Dlaminis Tuesday 11 March 2025 Khuzwayo’s shattered heart finds comfort in Nengelosi’s arms. Velephi is overwhelmed with guilt. Wenzeni’s attempt to make …
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Skeem Saam Tuesday 11 March 2025 Mapitsi devices a plan to silence her nemesis and safeguard her secret. Khwezi discovers that her new model is …
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Skemergrond Tuesday 11 March 2025 Ruan reveals that Tanne is his double agent. Erica nearly loses it. Kirby volunteers to manage the bistro on her …
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Smoke and Mirrors Tuesday 11 March 2025 Jaxon is paranoid that Caesar is gunning for him. Meanwhile Thandiswa and Sobhuza, her rescuer, get close and …
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Uzalo Tuesday 11 March 2025 The Magwazas experience the full brunt of Babekazi’s wrath. Prince’s shields begin to crumble. Mzamo hijacks The Fix for a …
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UP to 300,000 Brits making money on Ebay or Vinted will no longer have to file a tedious tax return.
In a boost for side-hustlers, Treasury Minister James Murray will raise the threshold for filing a self-assessment tax form from £1,000 to £3,000.
The move, coming into force by 2029, will slash the admin burden for savvy Brits trading old clothes on Ebay, selling baked goods, driving a taxi or creating content online.
But it won’t change the amount of levy owed.
Instead of spending hours navigating the complex tax return system, a new and simple online form will be used for declaring cash earnings up to £3,000 in self-employed work.
READ MORE MONEY NEWS
Tax Minister James Murray said: “From selling old games to creating content on social media, we are changing the way HMRC works to make it easier for Brits to make the very most of their entrepreneurial spirit.
“Taking hundreds of thousands of people out of filing tax returns means less time filling out forms and more time for them to grow their side-hustle.
“We are going further and faster to overhaul the way HMRC works to make sure it delivers the Plan for Change that will help put more money in people’s pockets.”
Of the 300,000 Brits to be spared the tedious self-assessment, 98 per cent are self-employed individuals who report small amounts of trading income, and 2 per cent report income from property.
Meanwhile 90,000 have no tax to pay and so this change will remove their need to report their trading income to HMRC at all.
